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Sea Level Rise, Homeownership, And Residential Real Estate Markets In South Florida, Xinyu Fu, Jan Nijman

USI Publications

This article builds on a small but rapidly growing body of research that seeks to determine the impact of sea-level rise on the pricing of residential properties. Through a spatial hedonic regression analysis of real estate markets in two Florida counties (Miami–Dade and Pinellas), we assess the influence of different exposure levels on market discounts. Our article stands out in terms of its focus on two comparative case studies and its differentiation between properties that are primary homes versus nonprimary homes. We find that generally discounts are positively associated with exposure levels and overall Miami–Dade experiences higher discounts than Pinellas …