“Because real estate owners and other real estate market participants keenly focus on the identification, assessment, mitigation, underwriting, insurance and pricing of risk, they create a unique case study for understanding the ways in which climate-related risks are likely to impact individual actors and the market ecosystem as a whole.” --From an MBA white paper examining how climate-related risks are dramatically changing the U.S. real estate market.

In the first of four major jobs reports this week, the Bureau of Labor Statistics reported despite a sharp drop in job openings in May, they still easily outdistanced the number of people looking for work.