DAILYCALLER (Paris Apodaca) - Climate Scores Seem To Be Scaring Off Homebuyers. AG Takes Company Behind Them To Court.
‘will have to answer for misleading consumers’
‘will have to answer for misleading consumers’
By Bill Ponton If you’re not tracking on First Street, you need to be.
‘American homeowners deserve to know’
A new climate-related metric advanced by a company linked to private equity firms is quietly subverting the U.S. housing market, a new report claims. Major online real estate platforms such as Zillow, Relator.com, Homes.com and Redfin all have featured predictive climate-risk scores, according to a July report from the American Energy Institute and Consumers’ Research first shared with the Daily Caller News Foundation. The scores, developed by private company First Street, can often directly contrast with the Federal Emergency Management Agency’s (FEMA) official flood maps and determinations. “For most American families, a home is their single largest financial asset and the primary vehicle for building generational wealth,”…Open