News Summary

Zillow has decided to remove climate risk scores from over a million property listings after facing significant pressure from real estate industry groups. The climate risk data, provided by the First Street Foundation, included probabilities of floods, wildfires, extreme heat, and other risks over a 30-year period. The decision to remove these scores came after complaints from the California Regional Multiple Listing Service and other industry stakeholders, who argued that the data negatively affected property values and sales. Despite Zillow’s removal of these scores, other platforms like Redfin and Realtor.com continue to display similar data. The removal has sparked a debate between industry interests and the need for consumer transparency regarding climate risks.