Greg Lindsay's Blog

April 25, 2023  |  permalink

Climate Alpha HOMES

Climate Alpha has launched HOMES, the first free tool of its kind to forecast the climate change-adjusted valuation of a home several decades into the future. Unlike other tools that offer numerical risk scores, ours puts a fine point on how much climate change will cost you. From the press release:

Climate change is already a real and growing concern for American homeowners — 64% cite it as a reason to move from their current communities, and 62% say they are reluctant to move somewhere at risk of natural disasters.

HOMES invites users to enter an address or ZIP code which calculates the projected median home value in that area for a given year. It then calculates the price impact due to climate change both in dollars and as a percentage of the home’s total value. Users can compare the resilience of a given area against its surrounding county, state, or national price impact.

In addition to calculating a location’s changing exposure to climate risks such as flood, storms, drought, heat and fire, HOMES also displays vulnerability scores related to poverty and infrastructure as well as readiness scores related to clean energy and public spending.

This unique combination of climate data and models with decades of market trends and socioeconomic variables, powered by Climate Alpha’s AI-trained analytics suite, creates a more complete picture of where Americans will choose to move — and what homes they are most likely to buy — than any product currently on the market.

What are you waiting for? See for yourself how much your home — or your Zillow dream listing — will gain or lose due to climate change.

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Greg Lindsay is a generalist, urbanist, futurist, and speaker. He is a 2022-2023 urban tech fellow at Cornell Tech’s Jacobs Institute, where he leads The Metaverse Metropolis — a new initiative exploring the implications of augmented reality at urban scale. He is also a senior fellow of MIT’s Future Urban Collectives Lab, a senior advisor to Climate Alpha, and a non-resident senior fellow of the Atlantic Council’s Scowcroft Strategy Initiative.

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