CBS News: Homes lose $15.8 billion in value as seas rise, Maine to Mississippi

CBS News, February 27th, 2019: Homes lose $15.8 billion in value as seas rise, Maine to Mississippi

Owners of coastal properties are getting hit by a rising tide of bad news. Higher sea levels slashed home values in 17 states from Maine to Mississippi by $15.8 billion over a dozen years, according to updated research from the nonprofit First Street Foundation.

Florida showed the greatest loss in relative home values at $5.4 billion, followed by New Jersey at $4.5 billion and New York at $1.3 billion.

 

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