“Millions of people rely on real estate websites when they're hoping to buy or rent a home. Major sites like Zillow, Redfin, Trulia and Realtor.com feature kitchens, bathrooms, mortgage estimates and even school ratings. But those sites don't show buyers if the house is likely to flood while they're living there.
Now, Realtor.com has become the first site to disclose information about a home's flood risk, and how climate change could increase that risk in the coming decades, potentially signaling a major shift in consumers' access to information about climate threats.
“People are buying property with little knowledge of whether it's going to flood or not,” says Harriet Festing, co-founder of the advocacy group Higher Ground, which connects people across the country who have survived floods. “It ruins lives.”
Still, other websites such as Redfin, Zillow and Trulia have no plans to share information about flooding with users. Millions of buyers risk overpaying for homes likely to be hit with a natural disaster over the course of a 30-year mortgage. But representatives for other realty sites say home sellers are reluctant to publish flood risk information, since it could decrease their home's value.”