The Washington Post cites Professors Bernstein and Lewis's research on rising tides and housing markets
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The Washington Post recently published an article featuring a study by University of Colorado Boulder and Pennsylvania State University researchers where they found homes vulnerable to the effects of sea level rise (SLR) sold for 6.6 percent less than unexposed homes. Research conducted by Leeds professors Asaf Bernstein and Ryan Lewis, in collaboration with Penn State University Professor Matthew Gustafson, demonstrates that the most vulnerable properties—those that stand to be flooded after seas rise by just one foot—sold at a 14.7 percent discount. Read the full article on how the sea level rise (SLR) is already costing property owners on the coast.
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