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Amid accelerating climate change, climate-related hazards—such as floods, wildfires, hurricanes, and sea-level rise—increasingly drive land transformations and pose growing risks to housing markets by affecting property valuations, insurance availability, mortgage performance, and broader financial stability. This review synthesizes recent progress in two distinct domains and their linkage: (1) assessing climate-related financial risks in housing markets, and (2) applying AI-driven remote sensing for hazard detection and land transformation monitoring. While both areas have advanced significantly, important limitations remain. Existing housing finance studies often rely on static models and coarse spatial data, lacking integration with real-time environmental information, thereby reducing their predictive power and policy relevance. In parallel, remote sensing studies using AI primarily focus on detecting physical hazards and land surface changes, yet rarely connect these spatial transformations to financial outcomes. To address these gaps, this review proposes an integrative framework that combines AI-enhanced remote sensing technologies with financial econometric modeling to improve the accuracy, timeliness, and policy relevance of climate-related risk assessment in housing markets. By bridging environmental hazard data—including land-based indicators of exposure and damage—with financial indicators, the framework enables more granular, dynamic, and equitable assessments than conventional approaches. Nonetheless, its implementation faces technical and institutional barriers, including spatial and temporal mismatches between datasets, fragmented regulatory and behavioral inputs, and the limitations of current single-task AI models, which often lack transparency. Overcoming these challenges will require innovation in AI modeling, improved data-sharing infrastructures, and stronger cross-disciplinary collaboration. 

We are currently living in the era of big data. The volume of collected or archived geospatial data for land use and land cover (LULC) mapping including remotely sensed satellite imagery and auxiliary geospatial datasets is increasing. Innovative machine learning, deep learning algorithms, and cutting-edge cloud computing have also recently been developed. While new opportunities are provided by these geospatial big data and advanced computer technologies for LULC mapping, challenges also emerge for LULC mapping from using these geospatial big data. This article summarizes the review studies and research progress in remote sensing, machine learning, deep learning, and geospatial big data for LULC mapping since 2015. We identified the opportunities, challenges, and future directions of using geospatial big data for LULC mapping. More research needs to be performed for improved LULC mapping at large scales.