HousingWire Lead analyst Logan Mohtashami joins Wealth! host Brad Smith to discuss how climate disasters impact the housing market through insurance availability challenges.
Mohtashami explains that climate risks have created a concerning situation where certain parts of the United States may become effectively uninhabitable. He points out that due to the unavailability of insurance or mortgage products in high-risk regions, purchases would be limited to all-cash buyers.
"That is not a functioning housing market," he emphasizes, highlighting how this situation could fundamentally alter the accessibility of housing in vulnerable areas.
To watch more expert insights and analysis on the latest market action, check out more Wealth here.
https://finance.yahoo.com/videos/series/wealth/
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