Climate change impacts are affecting property values across the North American continent. Property losses from both insurable and uninsurable climate hazard related sources are increasing annually. This study aims to discover property value impacts across the market and to understand future impacts of climate hazard on North American real estate values.

Property value impacts of climate-risk are evaluated with a broad market approach to understanding the ways site improvement losses (buildings), and property (land) devaluation occur in relations to increases in catastrophic loss, as a result of climate-risk. The research points to urgent need for innovation in the housing sector. The research reveals patterns that demand industry and government attention and which demonstrate that the home owner is the most vulnerable stakeholder. Recommendations are offered as next steps; recommendations are made for helping home owners adapt to emerging climate-risk challenges.

Key words: climate change, adaptation, property valuation, climate-risk index, real estate, sea-level, pluvial, fluvial, storm surge, wildfire, drought, resilience, lending, home owner, Abandoning Atlantis, death taxes and climate change, REC Index, real estate climate index, real estate climate-risk index.