Study Finds Rising Seas are Eroding Value of Homes Along Coast – Boston Globe
Credit: JOHN TLUMACKI/GLOBE STAFF/FILE 2018.
Article Synopsis – According to a new study, “rising seas have already cost Massachusetts homeowners more than a quarter of a billion dollars in lost property value, with much more severe losses likely to come”. The study analyzed 11 million real estate transactions and found that flood risks have kept home prices lower over the last 15 years. Reports in 14 states estimate $15 billion in lost value nationwide. To read the actual article click here.