Climate change is affecting the real estate market faster than projected, costing cities billions in real estate value. Within the past decade, the housing market has taken a hit due to increased threats of hurricanes, floods, and wildfires, with new data showing coastal cities like New York, New Jersey, and Miami at particularly high risk. According to Attom Data Solutions, it’s clear that the average home prices in areas facing the lowest risk of natural disasters sell better than those under threat. According to First Street Foundation, housing in New York, New Jersey, and Connecticut lost 6.7 billion dollars due to sea level rise and flooding between 2005 and 2017. The housing market in Florida has also been devalued by 5.4 billion due to flooding. Have you seen a change in your market? ▪︎ ▪︎ ▪︎ ▪︎ ▪︎ #YEARSproject #Coastalflooding #stormsurge #housingmarket #realestate #newyorkcity #florida #newjersey #hurricane #miami #housing #wildfires #economy #connecticut #brooklyn #climatechange #risingsealevels #property #flood - Years Of Living Dangerously

Climate change is affecting the real estate market faster than projected, costing cities billions in real estate value. Within the past decade, the housing market has taken a hit due to increased threats of hurricanes, floods, and wildfires, with new data showing coastal cities like New York, New Jersey, and Miami at particularly high risk. According to Attom Data Solutions, it’s clear that the average home prices in areas facing the lowest risk of natural disasters sell better than those under threat. According to First Street Foundation, housing in New York, New Jersey, and Connecticut lost 6.7 billion dollars due to sea level rise and flooding between 2005 and 2017. The housing market in Florida has also been devalued by 5.4 billion due to flooding. Have you seen a change in your market? ▪︎ ▪︎ ▪︎ ▪︎ ▪︎ #YEARSproject #Coastalflooding #stormsurge #housingmarket #realestate #newyorkcity #florida #newjersey #hurricane #miami #housing #wildfires #economy #connecticut #brooklyn #climatechange #risingsealevels #property #flood

Climate change is affecting the real estate market faster than projected, costing cities billions in real estate value. Within the past decade, the housing market has taken a hit due to increased threats of hurricanes, floods, and wildfires, with new data showing coastal cities like New York, New Jersey, and Miami at particularly high risk. According to Attom Data Solutions, it’s clear that the average home prices in areas facing the lowest risk of natural disasters sell better than those under threat. According to First Street Foundation, housing in New York, New Jersey, and Connecticut lost 6.7 billion dollars due to sea level rise and flooding between 2005 and 2017. The housing market in Florida has also been devalued by 5.4 billion due to flooding. Have you seen a change in your market?
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#YEARSproject #Coastalflooding #stormsurge #housingmarket #realestate #newyorkcity #florida #newjersey #hurricane #miami #housing #wildfires #economy #connecticut #brooklyn #climatechange #risingsealevels #property #flood

Climate change is affecting the real estate market faster than projected, costing cities billions in real estate value. Within the past decade, the housing market has taken a hit due to increased threats of hurricanes, floods, and wildfires, with new data showing coastal cities like New York, New Jersey, and Miami at particularly high risk. According to Attom Data Solutions, it’s clear that the average home prices in areas facing the lowest risk of natural disasters sell better than those under threat. According to First Street Foundation, housing in New York, New Jersey, and Connecticut lost 6.7 billion dollars due to sea level rise and flooding between 2005 and 2017. The housing market in Florida has also been devalued by 5.4 billion due to flooding. Have you seen a change in your market?
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#YEARSproject #Coastalflooding #stormsurge #housingmarket #realestate #newyorkcity #florida #newjersey #hurricane #miami #housing #wildfires #economy #connecticut #brooklyn #climatechange #risingsealevels #property #flood

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