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Housing Market Response to Sea-Level Rise in Florida (Coastal Research Library)

By: Risa Palm (Author) , Toby Bolsen (Author)

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Ksh 25,100.00

Format: Hardback or Cased Book

ISBN-10: 3030884341

ISBN-13: 9783030884345

Collection / Series: Coastal Research Library

Collection Type: Publisher collection

Edition statement: 2022 ed.

Publisher: Springer Nature Switzerland AG

Imprint: Springer Nature Switzerland AG

Country of Manufacture: GB

Country of Publication: GB

Publication Date: Nov 18th, 2021

Publication Status: Active

Product extent: 148 Pages

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South Florida continues to attract new residents despite its susceptibility to sea-level rise. This book explores the views of real estate agent with respect to how prospective homebuyers assess the risk of flooding. It reports on their observations as to whether house prices are stagnant or falling in coastal areas vulnerable to flooding, and their conclusions after working with prospective homebuyers as to whether coastal south Florida is a good place to find a home or, alternatively, a risky investment in a place that will eventually be submerged by rising seas. The book reports on a 2020 survey of real estate agents and concludes that it is not clear that the housing market has integrated flood risk either into reduced demand for housing or in reduced prices for houses susceptible to flooding. These conclusions have important implications for understanding how the risks of climate change and sea-level rise are reflected in the housing market both now and in the near-term future. 

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