CNBC Claims Climate Change Is Causing A Housing Market Collapse. Real Data Says No
H. Sterling Burnett by H. Sterling Burnett Feb 25, 2025
CNBC recently published an article claiming that climate change is threatening to cause a housing market collapse, with losses topping a trillion dollars. [emphasis, links added]
This is false.
Data show no climate change-induced extreme weather, and the markets CNBC cites as being threatened with decline have seen tremendous growth in housing prices as the Earth has modestly warmed, indicating strong demand.
The CNBC story, “U.S. housing market could lose nearly $1.5 trillion in value due to rising costs of climate change,” is full of speculation but short on facts concerning natural disasters and housing market trends.
Citing claims from financial firms making money on climate fears, Diana Olick, who wrote the CNBC piece says:
https://climatechangedispatch.com/cnbc-claims-climate-change-is-causing-a-housing-market-collapse-real-data-says-no/
