I think it's mainly especially in California because people are not able to get insurance when the climate risk is too high, so it is actually impacting sales.

Here's an example of a house in Carmel Valley that's a fire risk, and sat on the market for a long time, had a bunch of price reductions and listing pulled and relisted, finally sold underpriced because buyers were realizing they can't get insurance:

https://www.zillow.com/homedetails/50-La-Rancheria-Carmel-Va...

Lack of insurance coverage pays a pretty big role in the market right now, I have some friends who are paying $30,000 annually for insurance in the La Honda Hills.