Housing market dynamics of the post-Sandy Hudson estuary, Long Island Sound, and New Jersey coastline are explained by NFIP participation
Sandeep Poudel,
Conner Caridad,
Rebecca Elliott
et al.
Abstract:How flooding affects home values can determine the path of economic recovery for communities and have lasting impacts on national and global financial systems. Yet, our understanding of how flood insurance, community risk perception, and past flooding events shape future housing prices remains limited. To explore this, we used a Socio-Environmental (SE) model and studied the temporal impacts of flooding on mean housing values across 496 coastal census tracts of New York, Connecticut, and New Jersey, US, from … Show more
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