Nearly half of Fresno residents will flee due to climate risks, report predicts
Reality Check is a Fresno Bee series holding those in power to account and shining a light on their decisions. Have a tip? Email tips@fresnobee.com.
A new risk report from a private firm predicts a large exodus of residents from Fresno County as the effects of climate change exacerbate the region's issues and costs of living in the next three decades.
The risk-assessing firm, First Street, calculated 45.8% of Fresno County residents would abandon the county by 2055 because of rising insurance rates and decreasing land values.
The report also projected a nearly 15% impact on costs in the region as home values decrease and the cost to insure them rise.
Fresno topped the list of the areas effected most above Sacramento County and a couple of counties in New Jersey.
The firm's prediction showed Fresno's hot weather and poor air quality could continue to worsen, driving down the desirability of the homes and pushing up insurance rates.
Other parts of California have stronger economic outlooks that could help mitigate those issues, but Fresno's economic health typically struggles, noted Jeremy Porter, the head of climate implications for First Street.
'Fresno has had relatively stagnant economic growth with baseline population forecasts showing a stagnant growth rate into the future,' he said in an email. 'Together these indicators serve to amplify the impact of the climate risk that does exist.'
Experts in the San Joaquin Valley who spoke with The Bee expressed skepticism of the report's bold assessment of Fresno County.
While climate change would be expected to lead to displacement of residents, predicting the magnitude gets shaky because it includes so many factors, according to Naomi Bick, a Fresno State professor who studies climate change and urban politics.
'It's hard to know exactly how bad that abandonment and people leaving will be, because it depends on how other areas are as well and what they're facing,' she said. 'And then also what cities and counties and places do to prepare for climate change.'
But, Bick said, the Valley is known to have disadvantaged communities, which could have greater difficulty adapting.
Along with the rising temperature from climate change, the Valley could expect to see wider fluctuations in precipitation, according to Crystal Kolden, a professor and director of the UC Merced Fire Resilience Center.
The Valley got a taste of those fluctuations in 2023 when unusually heavy rainfall fell on the snowpacked Sierra and resurrected Tulare Lake. Years with record-breaking rainfall could be followed by severe droughts under the weather swings of climate change.
Kolden said she was skeptical of the First Street report, particularly as it pertains to wildfires, saying its assessment of Fresno does not delineate between the fire hazards of the flammable foothills and the less serious potential for fire in the Valley.
The Valley's air can be affected by the occasional wildfire as it was during the Creek Fire in 2020, but often winds send the smoke east.
'I have not yet seen the types of risk models that have any level of accuracy about wildfire smoke in the future in part because it's so dependent upon low and high pressure systems moving through,' she said.
The assessment also does not account for engineering solutions municipalities can develop to compensate for changes. First Street projected out to 2055 assuming no change to modern mitigation.
'In California, we just keep rebuilding and we figure out how to engineer our way out of it,' Kolden said. 'People are not depopulating hot areas. They're figuring out how to develop engineering solutions that allow for cooling.'
Scientists are already working on solutions for re-purposing irrigated cropland, which is expected to lead to improvements in the Valley when it comes to the effects of climate change, according to Angel S. Fernandez-Bou of the Union of Concerned Scientists based in Merced.
He said the First Street report uses 'coarse' data that can be less accurate.
'The report doesn't consider what we in the (San Joaquin Valley) are already doing to make this a better place,' he said in an email. 'I think we can transform the Valley into a climate resilient region.'
The way insurance companies approach the state of California has begun to change due to climate change. State Farm stopped issuing new policies and this year requested fee hikes by an average of 22%.
Home buyers seek out homes for their school districts or other desirable characteristics, and are rarely asking about potential hazards, according to Ken Neufeld, a broker with London Properties in Fresno for 45 years.
'Flooding is hardly on the radar,' he said.
Brokers provide home buyers with information for homes in natural disaster zones, he said, but flooding only comes into question in areas where a breach of a dam would cause flooding.
While buyers aren't asking about climate risks, they're often forced to insure against them, according to Jason Farris, president-elect of the Fresno Association of Realtors. He said he's been asked about flood zones fewer than five times in the last two decades.
'People are getting quotes for insurance premiums before getting into escrow on the property,' he said. 'People are spending a lot of money to get into a home.'
But the Valley's climate experts say it'll take political will to adopt mitigating regulations and the participation of the region's residents to lighten the potential climate issues.
Kolden said people often return to burned down foothills or flooded lowlands to rebuild and only leave the most undesirable areas behind.
'It is up to the local municipality, whether it's a county or incorporated areas, a town or a city, to actually enforce those codes,' Kolden said. 'When these communities are rebuilding after a fire, there's an enormous amount of political pressure to not hold people to those standards.'
Hashtags

Try Our AI Features
Explore what Daily8 AI can do for you:
Comments
No comments yet...
Related Articles
Yahoo
an hour ago
- Yahoo
Meta reportedly hires four more researchers from OpenAI
Looks like Meta isn't done poaching talent from OpenAI. Earlier this week, TechCrunch reported that Meta had hired influential OpenAI researcher Trapit Bansal, and according to The Wall Street Journal, it also hired three other researchers from the company. Now The Information is reporting four more Meta hires from OpenAI: Researchers Shengjia Zhao, Jiahui Yu, Shuchao Bi, and Hongyu Ren. This hiring spree comes after the April launch of Meta's Llama 4 AI models, which reportedly did not perform as well as CEO Mark Zuckerberg had hoped. (The company was also criticized over the version of Llama that it used for a popular benchmark.) There's been some back-and-forth between the two companies, with OpenAI CEO Sam Altman suggesting that Meta was offering '$100 million signing bonuses' while adding that 'so far, none of our best people' have left. Meta CTO Andrew Bosworth then told employees that while senior leaders may have been offered that kind of money, 'the actual terms of the offer' were more complex than a simple one-time signing bonus.
Yahoo
an hour ago
- Yahoo
With QS Stock Up 83% in a Month, Analysts Flag Key Risks for QuantumScape
QuantumScape (QS) shares have been on a tear this week after the battery maker successfully integrated its advanced Cobra separator process into baseline cell production. While that marks a significant milestone for the San Jose-headquartered firm, Baird recommends that investors tread with caution on QS shares since they remain entangled in several risks. Dear Nvidia Stock Fans, Watch This Event Today Closely 3 ETFs Offering Juicy Dividend Yields of 15% or Higher AMD Stock Is in the 'Middle of a Historic Run.' Is It Too Late to Buy Shares Here? Markets move fast. Keep up by reading our FREE midday Barchart Brief newsletter for exclusive charts, analysis, and headlines. Including recent gains, QuantumScape stock is up nearly 100% versus its year-to-date low. Baird's senior analyst Ben Kallo believes that QS shares may have overreacted to the Cobra news this week and, therefore, run the risk of losing their gains and returning to their early June levels in the coming sessions. Kallo recommends against chasing the rally in this battery stock partly because QuantumScape is a pre-revenue company, indicating heightened uncertainty, execution risks, and vulnerability to sentiment-driven volatility. 'We seek additional details on the go-to-market strategy before becoming more constructive' on QuantumScape stock, the analyst added in his research note. Baird maintained its 'Neutral' rating on QuantumScape stock this morning with a price target of $6 indicating potential downside of nearly 15% from current levels. According to Ben Kallo, a slower production ramp could stand in the way of the company managing to sustain its recent gains as well. Moreover, QS shares remain unattractive also because the battery-maker is narrowing its loss at a rather unimpressive pace. In Q1, the NYSE-listed firm lost $114.4 million on a GAAP basis – down less than 5% on a year-over-year basis. Kallo's call on QuantumScape arrives only days after his peers at William Blair also downplayed its Cobra milestone, saying it was a well-telegraphed development and not a pleasant surprise for investors. Wall Street's consensus 'Hold' rating on QuantumScape stock at writing is also not impressive. Analysts currently have mean target of $4.79 on QS shares, which signals potential downside of more than 30% from here. On the date of publication, Wajeeh Khan did not have (either directly or indirectly) positions in any of the securities mentioned in this article. All information and data in this article is solely for informational purposes. This article was originally published on
Yahoo
an hour ago
- Yahoo
Nvidia Stock: Buy at the Current High?
Nvidia stock has surged 1,500% over the past five years -- and this week it reached a record high. The company has shown its strengths in the high-growth area of artificial intelligence, and that's translated into soaring revenue. 10 stocks we like better than Nvidia › Nvidia (NASDAQ: NVDA) has proven itself to be at the center of the artificial intelligence (AI) revolution. The company designs the most sought-after AI chips to power the performance of AI models and has expanded into a full range of AI products and services, from networking to enterprise software and even a new compute marketplace offering. All of these efforts have helped Nvidia's earnings roar higher, and the company ended the latest fiscal year at a record revenue level of $130 billion. To further illustrate the pace of growth, investors only have to look back two years. Then, Nvidia's annual revenue totaled $27 billion. Nvidia clearly has been a winner in this AI boom. This victory extends to stock price performance, with the shares climbing a jaw-dropping 1,500% over the past five years to reach a new high this week. Now the logical question is: Should you buy Nvidia at this high or wait for a lower entry point? Nvidia has played and surely will continue to play a pivotal role in the AI story. Nvidia sells the most powerful graphics processing units (GPUs) on the market and has designed a variety of other products to accompany them. So customers, for example, might use Nvidia GPUs along with its high-speed connection NVLink so processors can share data. Customers may opt for Nvidia application software to build AI agents and various AI workflows, or the company's infrastructure software to manage processes. And just recently, Nvidia launched DGX Cloud Lepton, a marketplace where developers can access GPUs from a variety of connected cloud providers. Thanks to its innovation throughout the AI universe, Nvidia has made itself an almost unavoidable option for most companies aiming to develop and apply AI to their businesses. Importantly, Nvidia also has been first to market with many of its products and services, allowing it to take the lead, and its ongoing innovation and this effort to continually offer customers more service options may keep it there. It's no surprise that all of this has resulted in soaring earnings -- rising in the double- and triple-digit percentages -- and high profitability on sales. Nvidia has maintained gross margin exceeding 70% during most quarters, only declining to 60% in the recent quarter due to a charge linked to lost sales in China. This leads me to the main risk to Nvidia right now, and that is its presence in that particular market, one that made up 13% of sales last year. The U.S. has imposed controls on exports of chips to China, blocking Nvidia's access to that market. The move prompted Nvidia to remove China from its sales forecasts due to being unable to predict what might happen. Nvidia surely would see higher growth if it could sell chips to China, but even without that market, growth is solid. It's important to remember that U.S. customers actually make up nearly half of Nvidia's total sales. Even in the worst scenario -- zero sales in China -- Nvidia's AI growth story remains bright. Even with growth going strong and the future looking bright, investors might wonder if buying Nvidia now, at a new high, is a good idea. The stock trades for 35 times forward earnings estimates, higher than a few weeks ago, but lower than a peak of more than 50 just a few months ago. Considering Nvidia's earnings track record, market position, and future prospects, this looks like a reasonable price -- even if it's not at the dirt cheap levels of a few weeks ago. Of course, stocks rarely rise in one straight line, so there very well could be a dip in the weeks or months to come, offering an even more enticing entry point. But it's very difficult to time the market and get in at any stock's lowest point. It's a better idea to buy at a reasonable price and hold on for the long term. And here's why: Nvidia's gains or losses over a period of weeks or one quarter, for example, won't make much of a difference in your returns if you hold onto the stock for several years. That's why you don't necessarily have to worry about buying at the high when you're a long-term investor, as long as the stock's valuation is fair. That's the case of top AI stock Nvidia right now, making it a buy -- even at the high. Before you buy stock in Nvidia, consider this: The Motley Fool Stock Advisor analyst team just identified what they believe are the for investors to buy now… and Nvidia wasn't one of them. The 10 stocks that made the cut could produce monster returns in the coming years. Consider when Netflix made this list on December 17, 2004... if you invested $1,000 at the time of our recommendation, you'd have $704,676!* Or when Nvidia made this list on April 15, 2005... if you invested $1,000 at the time of our recommendation, you'd have $950,198!* Now, it's worth noting Stock Advisor's total average return is 1,048% — a market-crushing outperformance compared to 175% for the S&P 500. Don't miss out on the latest top 10 list, available when you join . See the 10 stocks » *Stock Advisor returns as of June 23, 2025 Adria Cimino has no position in any of the stocks mentioned. The Motley Fool has positions in and recommends Nvidia. The Motley Fool has a disclosure policy. Nvidia Stock: Buy at the Current High? was originally published by The Motley Fool