How Mortgage Markets Respond to Climate Change
“How do mortgage markets respond to climate change?”
Mortgage markets for a given area are based on the supply, demand, and risk that is present. With the advent of climate change, certain regions may be under more pressure, leading to lower demand, supply, and increased risk. These factors combined could cause these regions to lose their desirability, therefore limiting their availability of mortgages. This is How Mortgage Markets Respond to Climate Change.