-PDF Download- Housing Market Response To Sea Level Rise In Florida EBOOK

Housing Market Response to Sea-Level Rise in Florida

Author: Risa Palm

Publisher: Springer Nature

Published: 2021-11-17

Total Pages: 154

ISBN-13: 303088435X

South 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.

Climate Change and Sea Level Rise in South Florida

Author: Risa Palm

Publisher: Springer Nature

Published: 2020-01-01

Total Pages: 140

ISBN-13: 3030326020

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South Florida is frequently cited as the part of the United State of America as most susceptible to the devastation accompanying sea level rise. Several scholarly studies have shown the negative impact of coastal location in Florida on housing values. Are the residents of South Florida concerned? Is susceptibility to sea level rise actually affecting the housing market in terms of demand, the availability of home mortgages, or house prices? Are people living at particular risk from sea level rise aware of this risk and more open to new information about climate change? Do they support policies and laws to mitigate the pace and extent of climate change? Answers to these questions are not only of general interest, but they are also key to our understanding of the human dimensions of this problem. This book describes the results of a detailed survey in which respondents viewed a local map displaying flooding to their own community that would result from a Category 3 hurricane in 2033. It discusses political party identification and ideology that has an overwhelming impact in shaping views about sea level rise and climate change. This book has enormous implications for the effectiveness of communicating risk information. The text is important if we, as a nation, are to design communication strategies that will lead to broader policy to combat or mitigate this risk.

Will Miami Survive?

Author: Kathleen Sullivan Sealey

Publisher: Springer

Published: 2018-05-18

Total Pages: 75

ISBN-13: 331979020X

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This SpringerBrief uses a complexity perspective to integrate risk, finance, and ecological issues in Miami, USA. It focuses on how the modern financial system, particularly the mortgage market, perceives and manages the risk of climate change. Authors Kathleen Sealey, Ray King Burch and P.-M. Binder offer the case study of South Florida to illustrate how landscapes can be either re-purposed to function ecologically when residents relocate or rebuilt to reduce the threat of future flooding, the tools needed to make these decisions, and how financial systems view and influence them. While the need to integrate financial markets into coastal (and environmental) management is increasingly recognized, the difficulty of this task is made greater by the speed of financial innovation and the obscurity and complexity of its practices. This book will discuss the innovative Southeast Florida Regional Climate Compact, and the success of public-private partnerships in planning and adapting to sea level rise, but also the broad disconnect with the cash-and-credit-driven real estate market of South Florida. The book presents an interdisciplinary approach to the understanding of the coupled human (including finance) and natural systems in coastal cities, thus breaking new ground in the approach towards sustainability research and education. The final chapter introduces the social component of resilience which include pre-disaster outreach with and the potential for decision theory to help people understand and manage risk.

Neglected No More

Author: Benjamin J. Keys

Publisher:

Published: 2020

Total Pages:

ISBN-13:

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In this paper, we explore dynamic changes in the capitalization of sea level rise (SLR) risk in housing and mortgage markets. Our results suggest a disconnect in coastal Florida real estate: From 2013-2018, home sales volumes in the most-SLR-exposed communities declined 16-20% relative to less-SLR-exposed areas, even as their sale prices grew in lockstep. Between 2018-2020, however, relative prices in these at-risk markets finally declined by roughly 5% from their peak. Lender behavior cannot reconcile these patterns, as we show that both all-cash and mortgage-financed purchases have similarly contracted, with little evidence of increases in loan denial or securitization. We propose a demand-side explanation for our findings where prospective buyers have become more pessimistic about climate change risk than prospective sellers. The lead-lag relationship between transaction volumes and prices in SLR-exposed markets is consistent with dynamics at the peak of prior real estate bubbles.

7 Sea Level Rise Real Estate Questions

Author: Lawrence S Richardson Jr

Publisher:

Published: 2019-12-15

Total Pages: 102

ISBN-13: 9781675209202

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Sea level rise flooding is already impacting communities on the Atlantic, Pacific and Gulf of Mexico coastlines. Everyone involved in a real estate transaction in coastal areas needs to know the sea level rise flooding status of a property BEFORE they act. "7 Sea Level Rise Real Estate Questions" was written to help buyers, sellers, owners, and real estate agents to protect themselves, their property, and their financial future from the inundation that climate scientists say is going to get much worse in the years to come."7 Sea Level Rise Real Estate Questions" gives readers concise information on what's driving global warming and sea level rise, why the warming of the atmosphere and oceans due to the burning of fossil fuels is speeding up the melting of snow and ice in Greenland and the polar regions, and how it's affecting real estate along the coasts, and in some cases, far inland. Once the environmental facts are established and readers understand that sea level rise is not only going to remain a threat for their lifetime but worsen in the decades to come, the book goes on to explain the many challenges buyers, sellers, owners and real estate agents face when engaged in real estate transactions in coastal areas.After readers are given a list of ten valuable information resources, from sellers and local real estate agents, to home inspectors and sea level rise mapping websites, the book explains the challenges facing buyers, sellers, owners and real estate agents and what they can do about them. Specifically, the "7 Sea Level Rise Real Estate Questions" helps readers to decide what to do if the property of interest already experiences flooding or is at risk of flooding in the near future. It also discusses the importance of related issues, such as how the local government is responding to the challenge, how the flood insurance and mortgage industries are faring, and how to analyze how much risk and expense they can honestly handle when confronted with the threat of sea level rise flooding.An experienced real estate agent and journalist, Larry Richardson lives at the front lines of the battle against sea level rise flooding in South Florida. He wrote "7 Sea Level Rise Real Estate Questions" when he noticed that buyers were purchasing properties they didn't know were in active flood zones. When he conducted research for this book, he found that in most states, it's very difficult for buyers, sellers, owners, and real estate agents to gather the information they need on sea level rise flooding to make informed decisions on how to respond to the challenge. This book should help them to wrap their heads around this complex issue BEFORE they get involved in a real estate transaction.

The Ocean and Cryosphere in a Changing Climate

Author: Intergovernmental Panel on Climate Change (IPCC)

Publisher: Cambridge University Press

Published: 2022-04-30

Total Pages: 755

ISBN-13: 9781009157971

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The Intergovernmental Panel on Climate Change (IPCC) is the leading international body for assessing the science related to climate change. It provides policymakers with regular assessments of the scientific basis of human-induced climate change, its impacts and future risks, and options for adaptation and mitigation. This IPCC Special Report on the Ocean and Cryosphere in a Changing Climate is the most comprehensive and up-to-date assessment of the observed and projected changes to the ocean and cryosphere and their associated impacts and risks, with a focus on resilience, risk management response options, and adaptation measures, considering both their potential and limitations. It brings together knowledge on physical and biogeochemical changes, the interplay with ecosystem changes, and the implications for human communities. It serves policymakers, decision makers, stakeholders, and all interested parties with unbiased, up-to-date, policy-relevant information. This title is also available as Open Access on Cambridge Core.

Housing Market Value Impairment from Future Sea-level Rise Inundation

Author: David Rodziewicz

Publisher:

Published: 2020

Total Pages:

ISBN-13:

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Disposable City

Author: Mario Alejandro Ariza

Publisher: Bold Type Books

Published: 2020-07-14

Total Pages: 320

ISBN-13: 1568589980

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A deeply reported personal investigation by a Miami journalist examines the present and future effects of climate change in the Magic City -- a watery harbinger for coastal cities worldwide. Miami, Florida, is likely to be entirely underwater by the end of this century. Residents are already starting to see the effects of sea level rise today. From sunny day flooding caused by higher tides to a sewer system on the brink of total collapse, the city undeniably lives in a climate changed world. In Disposable City, Miami resident Mario Alejandro Ariza shows us not only what climate change looks like on the ground today, but also what Miami will look like 100 years from now, and how that future has been shaped by the city's racist past and present. As politicians continue to kick the can down the road and Miami becomes increasingly unlivable, real estate vultures and wealthy residents will be able to get out or move to higher ground, but the most vulnerable communities, disproportionately composed of people of color, will face flood damage, rising housing costs, dangerously higher temperatures, and stronger hurricanes that they can't afford to escape. Miami may be on the front lines of climate change, but the battle it's fighting today is coming for the rest of the U.S. -- and the rest of the world -- far sooner than we could have imagined even a decade ago. Disposable City is a thoughtful portrait of both a vibrant city with a unique culture and the social, economic, and psychic costs of climate change that call us to act before it's too late.

Review of the Draft Fourth National Climate Assessment

Author: National Academies of Sciences, Engineering, and Medicine

Publisher: National Academies Press

Published: 2018-06-18

Total Pages: 207

ISBN-13: 0309471699

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Climate change poses many challenges that affect society and the natural world. With these challenges, however, come opportunities to respond. By taking steps to adapt to and mitigate climate change, the risks to society and the impacts of continued climate change can be lessened. The National Climate Assessment, coordinated by the U.S. Global Change Research Program, is a mandated report intended to inform response decisions. Required to be developed every four years, these reports provide the most comprehensive and up-to-date evaluation of climate change impacts available for the United States, making them a unique and important climate change document. The draft Fourth National Climate Assessment (NCA4) report reviewed here addresses a wide range of topics of high importance to the United States and society more broadly, extending from human health and community well-being, to the built environment, to businesses and economies, to ecosystems and natural resources. This report evaluates the draft NCA4 to determine if it meets the requirements of the federal mandate, whether it provides accurate information grounded in the scientific literature, and whether it effectively communicates climate science, impacts, and responses for general audiences including the public, decision makers, and other stakeholders.

Risk and the Response to Sea Level Rise in South Florida

Author: Galen Treuer

Publisher:

Published: 2017

Total Pages:

ISBN-13:

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South Florida's low elevation, intensive urban development, and delicate ecosystems make it vulnerable to sea level rise. A gap exists between the current policies local governments in South Florida pursue and adaptation that could significantly reduce their exposure to climate change risks. One reason for this gap is that climate adaptation requires a transition away from the status quo, and barriers impede change. This dissertation presents three studies that aim to help communities in the region embrace and address their climate change risks. Chapter 2 reports the findings of an immersive simulation experiment that accelerates South Florida homeowners through thirty-five years of sea level rise and finds a window for local government action. Over 70% of homeowners are willing to support public investments in adaptation, and though most are not worried now, as sea levels rise homeowners become increasingly worried and willing to move out of the region. Chapter 3 is a case study of local government response, in the City of Miami Beach. Applying the new Urgency, Barriers, and Risk framework, it describes the implementation of a $500 million climate adaptive stormwater infrastructure investment, during a period of accelerated policy change. Chapter 4 identifies a new role, the neo-oliemannetje, that has emerged in the Netherlands over the past two decades to support climate adaptive water management projects. The neo-oliemannetje is a third-party facilitators whose role is to build consensus and articulate co-benefits to overcome barriers to policy change. Chapter 5 concludes with recommendations for local governments and future research.