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Underwater: Rising Seas, Chronic Floods, and the Implications for US Coastal Real Estate

Union of Concerned Scientists – “Hundreds of thousands of homes are at risk of chronic flooding due to sea level rise over the coming decades. The implications for coastal residents, communities, and the economy are profound…Sea levels are rising. Tides are inching higher. High-tide floods are becoming more frequent and reaching farther inland. And hundreds of US coastal communities will soon face chronic, disruptive flooding that directly affects people’s homes, lives, and properties. Yet property values in most coastal real estate markets do not currently reflect this risk. And most homeowners, communities, and investors are not aware of the financial losses they may soon face. This analysis looks at what’s at risk for US coastal real estate from sea level rise—and the challenges and choices we face now and in the decades to come…”

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