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Climate Now Episode 7

June 10, 2021

Housing Market Climate Risk with Amine Ouazad

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Featured Experts

Amine Ouazad
Professor of Economics

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Amine Ouazad

Professor of Economics

Dr. Amine Ouazad is a professor of economics at HEC Montreal where he holds the endowed research professorship in “Urban and Real Estate Economics.” Dr. Ouazad is also a Senior Fellow at Johns Hopkins 21st Century Cities Initiative.

In this Episode

Sea levels are rising, storms are worsening, and flooding is consistently exceeding FEMA’s 100-year floodplain maps. Yet, an increasing percentage of new mortgages are used to purchase homes in at-risk areas. And lenders are selling mortgages in areas hit by hurricanes at higher rates to Fannie Mae and Freddie Mac, who are backed by American taxpayers, according to research done by Dr. Amine Ouazad, Professor of Economics at HEC Montreal.

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