The CEO of real estate brokerage Redfin told CNBC on Friday he believes there has yet to be a serious reckoning among U.S. homebuyers about the dangers climate change presents.
“The buyers just keep marching into the jaws of destruction,” Redfin’s Glenn Kelman said in an interview on “Closing Bell.”
Wildfire season in the American West is becoming longer and more intense as a result of human-induced climate change, fueled by warmer temperatures and drier conditions. Similarly, scientists say, hurricanes and floods are increasing in ferocity due to the warming planet and rising sea levels.
Homebuyers in vulnerable parts of the country are not deterred by those realities, Kelman said. “The…