A resolution recognizing that climate change poses a threat to the mortgage market and to home values.

This Senate resolution (SRES 555) formally recognizes that climate change threatens U.S. home values and the mortgage market, based on cited evidence including $7.4 billion in coastal home value losses (2005-2017) across five states and projections of $1.5 trillion in residential property value decline over 30 years due to climate risks. It highlights specific climate impacts like sea-level rise flooding and increased insurance costs, noting that property values in vulnerable areas could decline significantly, potentially triggering broader economic consequences similar to the Great Recession. The resolution does not create new laws or policies but serves as a formal acknowledgment of these risks by the Senate, directly affecting homeowners in climate-exposed regions and mortgage industry stakeholders.