,,iii  #aai? ,,congress  #a/ ,session   
,s4 ,,res4 #eee  ,,9 ,,! ,,s5ate ,,( ,,!
 ,,unit$ ,,/ates  ,decemb] #ag1         
#bjbe,mr4 ,:iteh\se 7= himself1 ,mr4    
,m]kley1 ,mr4 ,s*atz1 ,mr4 ,m>key1 ,mr4 
,van ,holl51 ,ms4 ,duckwor?1 ,ms4 ,smi?1
 ,mr4 ,padilla1 ,mr4 ,wel*1 & ,ms4      
,blunt ,ro*e/]7 submitt$ ! foll[+       
resolution2 :i* 0 ref]r$ to ! ,committee
 on ,bank+1 ,h\s+1 & ,urban ,affairs    
,,resolution  ,recogniz+ t climate *ange
 poses a ?reat to ! mortgage m>ket & to 
home values4  ,:]eas a home is ! l>ge/  
asset ( mo/ individuals 9 ! ,unit$      
,/ates2 ,:]eas analy/s h f\nd t         
sea-level rise is directly to blame = a 
loss 9 coa/al home value1 & t betwe5    
#bjje & #bjag1 ,florida1 ,s\? ,c>ol9a1  
,nor? ,c>ol9a1 ,virg9ia1 & ,georgia     
toge!r lo/ #g1djj1jjj1jjj 9 home value  
due to sea-level rise relat$ flood+2    
,:]eas economi/s h f\nd t h\s+ loses    
sub/antial value foll[+ a wea!r disa/]1 
9 "p because ( ! m>ket's expectation (  
future disa/]s 9 ! same ,,zip ,code2    

,:]eas rese>*]s h f\nd t sea-level rise 
puts m ?an #cjj1jjj homes & comm]cial   
prop]ties 9 ! ,unit$ ,/ates at risk (   
*ronic1 disruptive flood+ 9 ! next #cj  
ye>s1 ) a cumulative value ( prop]ties  
at risk ( #acf1jjj1jjj1jjj by #bjde2    
,:]eas1 by ! end ( ! #ba/ c5tury1       
rese>*]s pr$ict t ne>ly #b1ejj1jjj homes
 & comm]cial prop]ties collectively     
valu$ at #a1jgj1jjj1jjj1jjj today1 w be 
at risk ( *ronic flood+2 ,:]eas ,!      
,economi/ pr$icts t1 ov] ! next #be     
ye>s1 climate *ange w cause a           
#be1jjj1jjj1jjj1jjj loss to ! value (   
h\s+ /ocks worldwide2 ,:]eas rese>*]s h 
f\nd t ,unit$ ,/ates resid5tial prop]ty 
w likely lose ne>ly #a1ejj1jjj1jjj1jjj 9
 value ov] ! next #cj ye>s due to       
increas+ly exp5sive & unavailable       
insurance2 ,:]eas1 9 ,april ( #bjbd1 !  
,f$]al ,h\s+ ,f9ance ,ag5cy recognized !
 em]g+ & increas+ ?reat to all          
/akehold]s 9 ! h\s+ sy/em due to climate
 risk & ! increas$ frequ5cy & int5sity (
 major natural disa/]s2 ,:]eas !        

,f9ancial ,/ability ,bo>d has w>n$ (    
cascad+ risks f climate *ange1 includ+  
increas$ insurance premiums & r$uc$     
cov]ages1 mortgage crises1 & bank       
insolv5cies2 & ,:]eas ! la/ "t !re 7    
widespread decl9es 9 prop]ty values1 !  
economy spiral$ into ! ,great           
,recession1 co/+ millions ( p 9 ! ,unit$
 ,/ates _! jobs1 homes1 & sav+s3 ,n[1   
!re=e1 be x ,t ! ,s5ate recognizes t    
climate *ange port5ds significant       
decl9es 9 home values 9 climate-expos$  
regions ( ! ,unit$ ,/ates & a broad]    
economic recession4