Z
illow has introduced a game-changing feature that's making homebuying smarter. The real estate platform is now providing house-hunters with critical information to make informed decisions about their future homes and wallets. By combining data from climate risk company First Street with its extensive property database, Zillow offers a one-stop shop for savvy buyers.
Want to know if your dream beachfront property might face flooding issues or that cozy cabin in the woods could be at risk of wildfires? Zillow's new feature has you covered. It provides historical data on past climate events and future risk scores for floods, wildfires, high winds, extreme heat, and poor air quality.
Zillow is also the first to integrate insurance assessment data, giving buyers a heads-up on potential insurance availability issues or price hikes before they fall in love with a property. This move by Zillow aims to help you find your dream home while protecting your investment and peace of mind.
According to Skylar Olsen, Zillow's chief economist, "Climate risks are now a critical factor in homebuying decisions." The numbers back it up: more new listings nationwide come with major climate risks compared to just five years ago. With this feature, homebuyers will see property-specific climate risk data and insurance flags to alert them of potential concerns.
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