Casten led 16 House Democrats in urging leaders of the real estate industry to provide homebuyers with critical information on the climate risks to which prospective individual home purchases may be exposed.
Urge real estate industry leaders to provide homebuyers with upfront climate risk information for prospective properties.
Occurrences
As climate change intensifies, it is vital to ensure transparency in real estate transactions, now and in the future.
Evidence
Representative Sean Casten (IL-06) led 16 House Democrats in urging leaders of the real estate industry to provide homebuyers with critical information on the climate risks to which prospective individual home purchases may be exposed. The letter was sent to the CEOs of Zillow, Rocket Companies (Redfin), Compass, and Realtor.com, and asked whether they are committed to providing homebuyers with the best available information on climate-related risks affecting a prospective property.
The letter says that real estate platforms are consumers' first point of contact, that upfront access to comprehensive and trustworthy information is critical, that consumers are increasingly exposed to climate-related risks in the real estate market, and that 'the risk is rarely disclosed to homebuyers at the time of purchase.' It asks Zillow: 'Is your company committed to providing homebuyers with the best available information on the climate-related risks affecting a prospective property?'
The letter states that failing to provide transparent, actionable information to consumers distorts housing markets and leaves families exposed to escalating costs, and that many homebuyers and renters remain unaware of their exposure because real-estate platforms and MLS systems often do not disclose climate risk. It asks about data sources and how the information is conveyed to prospective homebuyers.
The letter says cooperation across the housing listing ecosystem in providing ready access to climate risk information is critical, that consumers are increasingly exposed to climate-related risks in the real estate market, and that homebuyers need upfront access to comprehensive and trustworthy information when making major financial decisions.
Assessments
The promise was to urge real estate industry leaders to provide upfront climate-risk information to homebuyers. The evidence shows Casten did exactly that during his current House term: he led House Democrats in sending letters to major real estate platforms including Zillow, Realtor.com, and Compass explicitly asking them to provide prospective buyers with climate-risk information upfront. Because the claim is about urging industry leaders, not guaranteeing they adopted the practice, his direct official advocacy satisfies the promise.