As the Seas Have Been Rising, Tri-State Home Values Have Been Sinking

Source: First Street Foundation | Published on August 26, 2018

A summery day out at a beach in the Hamptons.
>Scientists from the non-profit First Street Foundation analyzed recent housing market trends in New York, New Jersey, and Connecticut and found $6.7 billion has been lost in home value from 2005 to 2017 due to sea level rise flooding.
>This builds on their previous research that found $7.4 billion in home value had been lost across 5 southeastern coastal states, bringing the total loss in the 8 states to $14.1 billion. These findings have been integrated into Flood iQ, a flood risk tool from First Street Foundation, which enables individuals to find their property-specific value loss and aggregated loss for their city.