Presented by Professor Benjamin Keys, Rowan Family Foundation Associate Professor of Real Estate at the Wharton School of Business at the University of Pennsylvania
Is a U.S. coastal housing bubble bursting? Under most climate forecasts, the question is not if but when property values will reflect expected sea level rise. This talk will describe research on how climate change is affecting housing and mortgage markets in coastal Florida, one of the most vulnerable coastline in the world with over 300,000 homes worth over $145 billion at risk to sea level rise. Solutions to restore confidence in coastal markets include substantial infrastructure improvements and asset repositioning to address the reality of rising seas.