DALTX Real EstateDALTX Real EstateDALTX Real Estate
  • Home
  • Guest Post
  • Agents
  • Contact Us
  • About
  • Advertise With Us
Reading: Will Climate Change Put a Freeze on North Texas Real Estate?
Share
Font ResizerAa
DALTX Real EstateDALTX Real Estate
Font ResizerAa
  • Home
  • Guest Post
  • Agents
  • Contact Us
  • About
  • Advertise With Us
  • Home
  • Guest Post
  • Agents
  • Contact Us
  • About
  • Advertise With Us
Follow US
© DALTX. All Rights Reserved.
DALTX Real Estate > North Texas Real Estate Market > Will Climate Change Put a Freeze on North Texas Real Estate?
North Texas Real Estate Market

Will Climate Change Put a Freeze on North Texas Real Estate?

3 Min Read
SHARE
Contents
Climate Change Spurs Climate MigrationSystem Overload
nasa-vhSz50AaFAs-unsplash-1024x768
Climate change could impact DFW in interesting ways.

From the wildfires of California to the red tide of coastal Florida, climate plays a real role in America’s real estate market.

In the Dallas area, we mostly consider ourselves lucky. Besides having some of the hottest summers on the central plains, our climate is conducive to safe settling grounds. But with an influx of coastal transplants, it’s important to investigate how climate change impacts the Dallas-Fort Worth real estate market.

Climate Change Spurs Climate Migration

A World Bank Report on internal migration predicts 200 million people relocating due to climate change concerns in the next three decades. This is sure to create migration hotspots inland where developed cities like Dallas incur mass influxes of displaced people.

While these new residents will surely stimulate several areas of our economy, many fear impacts on housing inventory and energy resources. 

nasa-vhSz50AaFAs-unsplash-1024x768
ERCOT and other agencies may not be prepared for climate migrants on top of an already stressed grid.

System Overload

As we witnessed during the winter storm to end them all last year, Texas isn’t exactly the most energy resilient. Though we are independent in terms of energy, we’re not exactly equipped for mass overloads. This is where climate change could levy a one-two punch on our power grid and put a pause on construction.

John Nielsen-Gammon, Director of Texas Center of Climate Studies talked to us about a two-fold real estate impact, caused by both short and long-term climate effects.

“You have both slow load consequences and fast load consequences,” He explained. “The slow load or long-term positions Dallas as a haven for more climate immigrants. As northern states become less desirable in terms of climate, there becomes a problem of how to house them here.”

These coupled with short-term, fast-load consequences, like natural disasters or energy crises, could have major impacts on the future of North Texas real estate.

“In terms of house values, there are a number of ways it could go,” said Nielsen-Gammon. “There are so many factors these changes could impact. Flood plain recalculations and population density could easily impact real estate values.”

And these are just to name a few. As we all know, it’s difficult to predict the weather. It’s even more difficult to predict the real estate market. However, if we don’t identify some of our major weaknesses, we could get caught in a perfect storm.

Scouting our blind spots now is the best way to keep the North Texas real estate market thriving despite climate change concerns.

Seller Says Her Lakewood Townhouse Is a ‘Hidden Gem’
A Year Into The Pandemic, What Have We Learned About North Texas Real Estate?
Fast-Growing Forney Welcomes New Master-Planned Community Overland Grove
How Does Your County Rank in the MetroTex May Housing Report?
Take A Hike And Hit This Grapevine Home For July Fourth Fun
TAGGED:Climate CHangeNorth Texas Market TrendsNorth Texas Real Estate
Share This Article
Facebook Email Copy Link Print
Previous Article 1,100-Home Community Going Up Just Beyond The Hay Rolls in McKinney
Next Article Get Caught Up on the Latest Real Estate Trends at This Virtual Conference
Popular News
noise control

A Boon For High-Rises, Noise-Canceling Windows Becoming Reality

Renovated Traditional In Up-and-Coming Buckner Terrace Has All-Over Good Looks
Historic Prairie Reinvented Into a Highland Park Luxury Craftsman
How to Fight Growth in Your City: Start a Petition Drive
MetroTex Association of Realtors Celebrates Grand Opening of New Irving Headquarters
about us

DaltxRealEstate.com is the largest real estate blog and the only one in North Texas.

Links

  • Privacy Policy
  • Terms of Service
  • Contact Us
  • Paid Guest Post Submission

Categories

  • Wednesday WTF
  • East Dallas
  • Monday Morning Millionaire
  • Upon Closer Inspection

Get Involved

  • Advertise With Us
  • Write for Us: Submit Guest Post

Find Us on Socials

© DALTX. All Rights Reserved.
Welcome Back!

Sign in to your account

Username or Email Address
Password

Lost your password?