How Does Climate Risk Impact the Real Estate Market?

How Does Climate Risk Impact the Real Estate Market?
SLIDE 1: Executive Summary: Climate shock entails unexpected weather or climate-related events resulting in severe and unexpected shocks or damage to the natural and human environment. The California wildfire is a climate shock that caused massive effects in the real estate business. The cost of housing has increased exponentially as housing shortages have increased.
SLIDE 2: Before Climate Shock: Before the climate shock, there was a rise in housing shortages from previous fires. Many people were leaving cities for the countryside, which increased the prices. Wealthy people from the city have been purchasing homes in the country.
SLIDE 3: After Climate Shock: The California wildfire rendered many people homeless, forcing them to look for new homes w...