Zillow will now display climate risks and make insurance recommendations for listings in the US. | Image: Zillow
Zillow has announced that its real estate property listings in the US will soon feature details about climate risks, including the potential for wildfires, flooding, extreme temperatures, high winds, and poor air quality. Buyers will also see what types of insurance are required or recommended for a property.
The climate risk data, provided through a partnership with First Street, which specializes in “climate risk financial modeling,” will be introduced to the Zillow website and iOS app by the end of the year and will be available on Zillow’s Android app early next year.
In August, 16.7 percent of new listings on Zillow were at “major risk of wildfire,” while 12.8 percent had a major risk of flooding, says the company. To make potential…