Property crisis looms due to sea level rise, experts warn  

Property crisis looms due to sea level rise, experts warn</p>
<p> Along Florida’s sun-splashed shorelines, home prices are on the rise, developers are busy building new complexes, and listings just blocks from the beach describe homes that are “not in a flood zone,” meaning no flood insurance is required. A reality check may come sooner than many may think, according to a report out Monday by the Union of Concerned Scientists, which finds as many as 64,000 coastal residences worth $ 26 billion in Florida are at risk of chronic flooding in the next 30 years, the life of a typical mortgage. Across the United States, 311,000 coastal homes with a collective market value of about $ 120 billion in today’s dollars are at risk of chronic flooding by 2045, it said.



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