Florida Could Be Close to a Real Estate Reckoning – Insurance Journal
Article Synopsis – One of the great mysteries of climate change isn’t scientific but psychological: When will the growing risks associated with rising seas and more severe storms begin to affect home values in otherwise desirable coastal markets? New research has found that homes exposed to sea-level rise currently sell at a 7 percent discount compared with equivalent but unexposed properties. Banks, insurance companies, and residents are becoming more aware of the risk of sea level rise, and some home sellers are already struggling to sell their properties. To read the actual article click here.