A new analysis shows real estate value dropping more than a trillion dollars over 30 years as climate change transforms the U.S. housing market.

Climate change could wipe out about $1.47 trillion in U.S. real estate values over the next three decades, according to First Street Foundation. The study, published in 12th National Report, Property Prices in Peril,

For decades, real estate trends fell into a predictable trend. Location, affordability, and job opportunities were key driving factors. But now, another powerful force is reshaping the housing market: climate risk.

Climate change could wipe out a whopping $1.47 trillion in real estate value over the next 30 years and fundamentally transform the housing market, according to a new report.