Your home’s value could drop significantly over the next 30 years due to climate change. A new study shows U.S. house prices could fall by $1.5 trillion as severe weather becomes more common. Insurance costs are already jumping up much faster than mortgage payments. Take Miami, where home insurance costs have risen by 322%. Insurance as a percentage of mortgage payments has doubled from 7-8% to more than 20%. Similar increases are hitting other cities – Jacksonville’s rates are up 226%, Tampa’s by 213%. “We’re seeing real changes in the housing market right now,” says Jeremy Porter from First Street … Continue reading Climate Change Threatens $1.5 Trillion in U.S. Home Values