Rising sea levels brought on by climate change could put $882bn worth of US homes at risk if it continues at its current pace, warns real estate website Zillow. This follows a report, which we noted in March, from the journal 'Nature' which suggested sea levels could rise as much as 6ft by the end of this century. The report also warned that rising temperatures and melting ice caps will cause more extreme weather events such as droughts and floods.
Rising sea levels brought on by climate change could put $882bn worth of US homes at risk if it continues at its current pace, warns real estate website Zillow. This follows a report, which we noted in March, from the journal 'Nature' which suggested sea levels could rise as much as 6ft by the end of this century. The worst-case-scenario could see Florida lose around one million houses, equivalent to 13% of its present stock, at a current value of $400m - excluding public infrastructure and commercial buildings and not accounting for future property values.