Description
Book SynopsisSouth 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.
Table of ContentsDedication.- Acknowledgements.- List of Figures.- List of Tables.- Chapter 1. Introduction.- Chapter 2. The Development of Vulnerable Real Estate in South Florida.- Chapter 3. House Price Trends in Coastal US Cities.- Chapter 4. Effective Communication about Climate Change and Sea-level Rise.- Chapter 5. The Role of the Real Estate Agent.- Chapter 6. Methodology: Survey of South Florida Realtors.- Chapter 7. Information about Sea-level Rise and Its Effects on Home Search Behavior.- Chapter 8. The Housing Market in Coastal South Florida from the Perspective of the Real Estate Agent.- Chapter 9. Four Communities: Vulnerable by Design.- Chapter 10. Implications of Housing Market Responses to Sea-level.- Appendix.
