Science and TechClimate Change


$32B In U.S. Flood Damage Forecast By 2051

Non-profit First Street Foundation said damages from climate change will impact real estate markets.
Posted at 5:13 PM, Feb 23, 2021

New research suggests weather and rising sea levels could potentially cause $20 billion in flood damage to homes this year.

The non profit First Street Foundation said those damages could reach up to $32 billion by 2051. According to the organization as people become more aware of flood risk and insurance cost it will impact home prices.