Mounting Climate Worries Push ‘Location, Location, Location’ Off the Beach

Complete Article From the publisher.

Wall Street Journal (10/31/18) Krouse, Sarah; Kusisto, Laura; McGinty, Tom

With flooding and major hurricanes all over the news and concerns about climate change on the rise, many home buyers find that the mantra “location, location, location” means moving inland, away from the coast. A Wall Street Journal analysis found home prices along the eastern seaboard are not increasing as much as those inland. Homes on the coast now seem to be a risker investment and more costly when factoring in mitigation costs such as lifting a house to protect it against future flooding. Some coastal counties also are strengthening building codes to prevent further losses.

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