A new Urban Land Institute report delved into the effects of extreme heat and how it will change real estate in the U.S.
Extreme heat is becoming a growing concern for U.S. cities due to a combination of climate change and continuing urban development. By the end of the century, a majority of states will experience average summer temps of at least 80 degrees with some areas in California, Nevada and Texas experiencing an average of 100 degrees for summer, the report noted. Another report released earlier this year by GeoPhy also focused on climate change and pointed out how it would shape real estate.
Read more...How Rising Temperatures Impact Real Estate via Multi-Housing News Online