Climate change is coming for Florida’s real estate. Why don’t prices reflect it?

Climate change is coming for Florida’s real estate. Why don’t prices reflect it?

Despite growing flood risks due to climate change, Florida’s real estate market continues to grow, with home prices climbing even in flood-prone areas.

Global warming, the central axis of climate change, manifests itself as a sustained rise in average Earth temperature, driven by the increasing concentration of greenhouse gases in the atmosphere. This phenomenon exerts direct pressure on coastal ecosystems, destabilizing their intrinsic harmony and exposing them to deep-seated threats. Intrinsically fragile coastal areas are increasingly hit by recurrent floods, accelerated erosion of their pro…