October 1, 2015
The Missoulian reported on Climate Realty, LLC's four-hour continuing education seminar for 100+ real estate professionals in Missoula, Montana. The article by David Erickson is entitled Missoula Real Estate Agents Study Effects of Climate Change on Homebuyers, Neighbhorhoods.
Excerpt: From catastrophic wildfires to prolonged smoke exposure to flood potential to drought forecasts, climate change has massive implications for the real estate industry and for potential homebuyers. To understand these issues, more than 100 Missoula-area real estate agents attended a seminar Thursday on the effects of climate change on their industry. The event was hosted by the Missoula Organization of Realtors and the presenter was Steve Thompson, president of Climate Realty LLC, a company that applies natural and social sciences to help Americans understand how climate change affects the places they choose to live and buy property....
Presenter Steven Running, University of Montana Professor of Global Ecology, said he wanted to hammer home the point that we’re already in the midst of a changing climate. “It’s definitely changing our year-to-year weather already,” he said. “We need to be thinking about how to be proactive in how we design our communities. Not only for adaptation, but mitigation also. On both ends of the equation we can do a lot better if we just consciously pay attention to some of the details. There’s an awful lot we can do right away in our communities, with both individual houses and communities. And the real estate industry is part of that leading edge. They’re part of marketing and buying real estate every day. So they’re actually a pretty pivotal part of our urban design because of that.”
July 6, 2015
Climate Realty was featured in a New Yorker article on July 6, 2015 by Katy Lederer entitled Why Buy in a Flood Zone?
Excerpt: According to the New York City Panel on Climate Change’s 2015 report, sea-level rise is expected to increase between eleven and twenty-one inches by 2050. By 2100, the worst-case projection has the water six feet higher than in the early aughts. These numbers sound scary if you’re planning on staying in a waterfront unit for the length of a typical thirty-year mortgage, but they’re less scary (at least from a financial perspective) if you think you will be transferred back to London in five years. “I call it the musical-chairs version of investment,” Steve Thompson, a founder of Climate Realty, a company that consults with developers and owners on the investment risks posed by climate change, said. “Squeeze another mortgage into this cycle and the next person can worry about it.”