Study Finds Billions of Dollars in Home Value Lost to Rising Sea Levels

People in the tri-state area share these experiences. Clint Andrews, professor of urban planning, director of the Rutgers Center for Green Building, and associate dean for faculty at Rutgers University’s Bloustein School of Planning and Public Policy, studies how homeowners think about flood risk information. He focuses on neighboring county of Monmouth, New Jersey, which Hurricane Sandy swept through in 2012, and his fieldwork backs up what the First Street Foundation data says. If people know that flooding has happened in an area, they’re not willing to pay as much for houses. Flood risk also increases the cost of flood insurance, an added expense for homeowners.

PBS.org/NOVA, August 23, 2018