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Housing Market Response to Sea-Level Rise in Florida

2021-11-17 Science
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Release : 2021-11-17
Genre : Science
Kind : eBook
Book Rating : 35X/5 ( reviews)

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Book Synopsis Housing Market Response to Sea-Level Rise in Florida by : Risa Palm

Download or read book Housing Market Response to Sea-Level Rise in Florida written by Risa Palm. This book was released on 2021-11-17. Available in PDF, EPUB and Kindle. Book excerpt: 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

2020-01-01 Science
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Release : 2020-01-01
Genre : Science
Kind : eBook
Book Rating : 020/5 ( reviews)

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Book Synopsis Climate Change and Sea Level Rise in South Florida by : Risa Palm

Download or read book Climate Change and Sea Level Rise in South Florida written by Risa Palm. This book was released on 2020-01-01. Available in PDF, EPUB and Kindle. Book excerpt: 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?

2018-05-18 Science
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Release : 2018-05-18
Genre : Science
Kind : eBook
Book Rating : 20X/5 ( reviews)

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Book Synopsis Will Miami Survive? by : Kathleen Sullivan Sealey

Download or read book Will Miami Survive? written by Kathleen Sullivan Sealey. This book was released on 2018-05-18. Available in PDF, EPUB and Kindle. Book excerpt: 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.

The Ocean and Cryosphere in a Changing Climate

2022-04-30 Science
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Release : 2022-04-30
Genre : Science
Kind : eBook
Book Rating : 971/5 ( reviews)

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Book Synopsis The Ocean and Cryosphere in a Changing Climate by : Intergovernmental Panel on Climate Change (IPCC)

Download or read book The Ocean and Cryosphere in a Changing Climate written by Intergovernmental Panel on Climate Change (IPCC). This book was released on 2022-04-30. Available in PDF, EPUB and Kindle. Book excerpt: 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.

Neglected No More

2020
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Release : 2020
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Kind : eBook
Book Rating : /5 ( reviews)

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Book Synopsis Neglected No More by : Benjamin J. Keys

Download or read book Neglected No More written by Benjamin J. Keys. This book was released on 2020. Available in PDF, EPUB and Kindle. Book excerpt: 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.

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