‘Climate change risk’ may be spurring home buyers to steer clear of coastal Florida markets, study says


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Fewer Americans are scooping up coastal real-estate these days — and the risk of rising sea levels appears to be driving the trend.

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Researchers at the University of Pennsylvania studied the dynamics of coastal real-estate markets in Florida, where as many as one million homes are expected to be at risk of chronic flooding due to rising sea levels by the year 2100. Comparing homes in areas with more exposure to rising sea levels with those that are less at risk, the study found that today’s home buyers have far less interest in the more at-risk properties.

Before 2013, transaction volumes across these two sections of the market moved in tandem. But since then, they have diverged. The number of homes sold in the markets with the highest risk of “chronic inundation,” as some call it, fell between 16% and 20% from 2013 to

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Sold! Twin Cities homebuyers spurring a run on homes in Duluth

DULUTH – It was a busy Saturday for Mike and Chelsea Brandon, who had driven up from Eagan to find their next home.

After a blitz of seven viewings, the couple put in an offer on a charmer that checked all their boxes: two-car garage, a deck, and room for their 2-year-old, Lochlann, to play.

“We just live outside, and that’s how we want to raise our son,” Chelsea said.

“We like camping, the outdoors, the geography of the North Shore here,” Mike added. “Just getting out of the Cities.”

They’ll be back again this weekend — not to move in, but to keep looking.

“We competed with three other offers, and the winning offer went in with no inspection,” said their agent, Susan Dusek with Edina Realty. “And their house sold this weekend, so they will come up very ready to buy.”

More buyers from the Twin Cities and

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