Sea-Level Rise Has Hit Home Prices

(From Bloomberg)

Sea-level rise is already hitting home prices along the Atlantic Coast, new data shows — and nowhere harder than the tiny New Jersey town of Ocean City.

Between 2005 and 2017, increased tidal flooding erased $14.1 billion in relative home values across eight states, according to research by First Street Foundation, a Brooklyn-based nonprofit that seeks to quantify the effects of climate change on coastal communities.

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