Will Sea-Level Rise Kill Coastal Florida’s Housing Market?
May 2, 2017
Read the full article here: https://goo.gl/XDJ5PR
The population of Florida has increased by 20 million since the sub-prime and foreclosure crises of 2008, leading to a renewed growth in housing prices and construction, especially along coasts. But sea level rise threatens to put 1 in 8 Florida houses underwater and wipe out $400 billion in property values across the state. Sea level rise, increased flooding and other climate change risks are already testing the state’s real estate, construction and insurance industries.