Amid Local weather Issues, Redfin Provides Air High quality Danger Information To Listings
Redfin will present air high quality danger knowledge for each itemizing on its app and web site, alongside knowledge for wildfire, flood, wind and excessive warmth.
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A brand new function from Redfin permits dwelling customers to view air high quality danger knowledge for particular person properties.
By a partnership with the local weather danger knowledge supplier First Avenue, Redfin will present air high quality danger knowledge for each itemizing on its app and web site, alongside the information for wildfire, flood, wind and extreme heat it already gives, the corporate announced on Monday.
“Redfin desires to make sure that each single particular person trying to find a house has the knowledge they should perceive local weather dangers,” mentioned Redfin Senior Vice President of Product and Design Ariel Dos Santos. “Air air pollution is a vital consideration as poor air high quality turns into extra frequent because of local weather threats corresponding to wildfire smoke.”
The brand new function comes because the variety of poor air high quality days within the western United States has surged by roughly 477 % between 2000 and 2021, largely due to wildfire smoke as local weather change has intensified the menace posed by wildfire. The japanese United States has begun to really feel the consequences of wildfires as properly, with smoke from Canadian wildfires reaching the East Coast this previous summer season at unprecedented ranges.
A report revealed by Redfin this week discovered that about 1 million extra individuals moved out of than into American cities with a excessive danger of poor air high quality in 2021 and 2022, whereas cities with low danger noticed 1 million extra individuals transfer in than out. Their predominant motive for leaving wasn’t air high quality, although — it was the upper price of dwelling in high-risk cities.
Areas with the best danger of poor air high quality are concentrated within the West, usually in costly states like California. The median dwelling sale value for areas with excessive danger for poor air high quality was $563,710 as of December 2023, in response to Redfin — 65 % larger than the median sale value of $341,483 in low-risk cities.
As local weather change intensifies, we’ll seemingly see this shift, with extra homebuyers contemplating environmental danger when buying a house, Redfin economists predicted.
“Deciding the place to stay is all about prioritization. With housing prices hovering close to their file excessive, the highest precedence for a lot of homebuyers is getting a great deal,” mentioned Redfin Chief Economist Daryl Fairweather. “Even when homebuyers do think about local weather change, poor air high quality usually isn’t prime of thoughts as a result of it’s not as visibly harmful as hazards like flooding and fires. However as the risks of local weather change intensify, we’ll seemingly see extra individuals issue air high quality and different catastrophe dangers into their selections about the place to quiet down.”
