Wednesday, February 27, 2019

Coastal Maryland homes have lost millions in appreciation due to flooding

Coastal properties in Maryland lost $555.7 million in relative appreciation between 2005 and 2017 due to flooding from rising sea levels, according to a new study released Wednesday. Researchers from First Street Foundation and Columbia University found homes in the state were hit harder compared to those in neighboring Delaware and Pennsylvania. On a nationwide ranking of the states with the greatest loss in relative home values due to tidal flooding, Maryland was No. 7. The study found that…



from https://www.bizjournals.com/baltimore/news/2019/02/27/coastal-maryland-homes-have-lost-millions-in.html?ana=RSS&s=article_search
via http://baltimorecheckbook.tumblr.com/post/183090870762

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