Business
Climate risk threatens to widen the racial wealth gap
As weather-related natural disasters become more frequent and severe, not all U.S. homeowners face equal exposure to the risks. A new Zillow® analysis reveals that Black and Hispanic homeowners are disproportionately vulnerable to major climate risks like wildfire, wind and extreme heat.
About this update from Zillow Group, Inc.
[{"type":"text","content":"Homeowners of color are more likely to face major climate hazards — and the rising costs that come with them","length":108,"tagName":"p","attribs":{}},{"type":"list","items":[{"val":[{"type":"text","content":"Hispanic homeowners are more likely than white homeowners to own homes at major risk of wildfire. Black homeowners are more likely to face extreme wind.","length":152,"tagName":"p"}]},{"val":[{"type":"text","content":"The costs of homeownership are rising in high-risk areas, disproportionately affecting communities of color.","length":113,"tagName":"p"}]},{"val":[{"type":"text","content":"These rising costs could limit wealth-building opportunities for homeowners of color and widen the racial wealth gap.","length":117,"tagName":"p"}]}],"tagName":"ul","bulletedList":true,"length":382,"olType":false},{"type":"text","content":"SEATTLE, May 13, 2025 /PRNewswire/ -- As weather-related natural disasters become more frequent and severe, not all U.S. homeowners face equal exposure to the risks. A new Zillow® analysis reveals that Black and Hispanic homeowners are disproportionately vulnerable to major climate risks like wildfire, wind and extreme heat.","length":331,"tagName":"p"},{"type":"image","alt":"Zillow logo (PRNewsfoto/Zillow Group)","displaySize":"","headline":null,"caption":"Zillow logo (PRNewsfoto/Zillow Group)","className":"","disableSlideshowImg":false,"size":{"original":{"width":400,"height":84,"url":"https://media.zenfs.com/en/prnewswire.com/f500a9efbc8c3359c4bdfc62696b3732"},"resized":{"url":"https://s.yimg.com/ny/api/res/1.2/6IGb52NcROx40.ffEOZeqQ--/YXBwaWQ9aGlnaGxhbmRlcjt3PTcwNTtoPTE0ODtjZj13ZWJw/https://media.zenfs.com/en/prnewswire.com/f500a9efbc8c3359c4bdfc62696b3732","width":400,"height":84}},"href":"https://mma.prnewswire.com/media/844956/Zillow.html","hrefExternal":true,"rel":"nofollow"},{"type":"text","content":"Hispanic homeowners are more likely than white homeowners to own homes at major risk of wildfire, according to an analysis of First Street® data displayed on for-sale listings on Zillow. Black homeowners are more likely to face major risk of extreme wind. The racial wealth gap could be a driving factor, with these communities generally having fewer options within reach financially.","length":384,"tagName":"p"},{"type":"text","content":""The disproportionate burden of climate risk on h...