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Climate Disasters Fuel Surge in US Home Repossessions
Rising climate disasters are driving a surge in US home repossessions, with projected $1.2 billion in credit losses in 2025 and 19,000 foreclosures this year, impacting Florida, Louisiana, and California most severely due to uninsured damages, falling home values, and soaring insurance premiums.
Climate Disasters Fuel Surge in US Home Repossessions
Rising climate disasters are driving a surge in US home repossessions, with projected $1.2 billion in credit losses in 2025 and 19,000 foreclosures this year, impacting Florida, Louisiana, and California most severely due to uninsured damages, falling home values, and soaring insurance premiums.
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