Florida Sees Signals of a Climate-Driven Housing Crisis

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https://www.nytimes.com/2020/10/12/climate/home-sales-florida.html

Source: By Christopher Flavelle, The New York Times. 

Excerpt: Home sales in areas most vulnerable to sea-level rise began falling around 2013, researchers found. ...around 2013, something started to change: The annual number of homes sales began to drop — tumbling by half by 2018 — a sign that fewer people wanted to buy. Prices eventually followed, falling 7.6 percent from 2016 to 2020, according to data from Zillow, the real estate data company. All across Florida’s low-lying areas, it’s a similar story, according to research published Monday. The authors argue that not only is climate change eroding one of the most vibrant real estate markets in the country, it has quietly been doing so for nearly a decade....  

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