ATTOM has added a category of data to its ever-expanding ATTOM Table of Data Elements. The addition of ATTOM’s climate change risk data offers a comprehensive, forward-looking risk assessment for every property nationwide.
“Our mission at ATTOM is to increase real estate transparency and fuel innovation. We continue to expand our data footprint to help our customers solve the additional challenges this housing market presents,” said Todd Teta, chief product and technology officer at ATTOM. “With the addition of this new data product clients will be able to better mitigate risk, streamline decision making and gain deeper intelligence on the housing market.”
ATTOM’s climate change risk solution includes ratings at the property level for five climate change hazards – wildfire, flood, heat, storm and drought. Each property is assessed with a 0-100 rating for each climate change risk listed above, and all ratings are compared to all properties nationwide. This risk assessment rating helps to determine a property’s current and future risk of climate-change-related hazards, with projections going as far out as 2050 — a period within the lifespan of a 30-year mortgage signed today.
“Understanding current and future climate change risk has become a very important data point for many of our customers in real estate, mortgage and insurance industries,” says Sean Mooney, vice president of product at ATTOM. “So, it makes perfect sense for us to offer it as a new solution tied into our robust property database.”
Customers can use ATTOM’s climate change risk solution to evaluate properties for investment decisions, assess risk for new product development, or to enrich a real estate portal with unique content.
Additional use cases include:
- Determine a property’s projected climate risk when insuring a home
- Identify risk exposure for reinsurance decisions
- Screen individual assets to avoid high risk assets
- Understand how climate change increases operating expenses
ATTOM’s climate change risk data will be updated quarterly and is available today for delivery via bulk files, with integration to ATTOM Cloud and API coming soon.
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