Property

Coastwide
Property

Climate Change Could Make Borrowing Costlier for States and Cities

Someday soon, analysts will determine that a city or county, or maybe a school district or utility, is so vulnerable to sea level rise, flooding, drought or wildfire that it is an investment risk.

Mid-Atlantic
Property

As Climate Risk Grows, Cities Test a Tough Strategy: Saying ‘No’ to Developers

VIRGINIA BEACH — Glimpsed from a kayak on West Neck Creek, this swampy piece of land, a pocket of red maple and loblolly pine tucked behind growing subdivisions, doesn’t look like the stuff of existential debate.

Northeast
Property

LONG ISLAND / NASSAU: Town pushes back against proposed flood insurance costs

Mike Cascio thought the worst of the storm was over after repairing his Oceanside home that took in a foot of water during superstorm Sandy.

Northeast
Property

Rhode Island: OCEAN STATE MUST FACE REALITY OF RISING SHORES

You may have heard about the Charlestown man who is suing the town of South Kingstown and one of its police officers over his arrest in June on a trespassing charge while he was collecting seaweed along a beach.

Hawaii & Alaska
Property

Hawaii ‘OK’ in beach report

LIHUE — A new report from the nonprofit Surfrider Foundation gives Hawaii a “C” in coastal management as it relates to climate change. It also suggests the rest of the state should model themselves after Kauai and Maui counties in their beach-management plans.

Mid-Atlantic
Property

North Carolina: 'We're loving these islands to death': An island community grapples with its future

OCRACOKE — On any normal late-fall day, the ferries that ply the 30 miles between Swan Quarter and this barrier island might carry vacationing retirees, sports fishermen and residents enjoying mainland getaways after the busy summer tourist season.

Northeast
Property

New Jersey: Here's what roads should flood Sunday, Monday

Road closures, or at least water on the roadways, will be plentiful Sunday and Monday as a long fetch of onshore winds creates coastal flooding. A coastal flood warning is in effect from 8 a.m. Sunday to 5 p.m. Monday.

Gulf of Mexico
Property

Texas Land Commissioner George P Bush Announces $21 Million in Buyout Funds for Ft. Bend County

AUSTIN — Today Texas Land Commissioner George P. Bush announced the Texas General Land Office (GLO) approved $21,155,575 in Hurricane Harvey funds for Fort Bend County to conduct a buyout program. Fort Bend County was overwhelmed by Hurricane Harvey as heavy rainfall caused flooding of streets and homes, threatening public health, safety, and welfare.

International
Property

Venice's devastating floods are the 'canary in a coal mine' for coastal cities worldwide

As climate change causes sea levels in Venice — and across the planet — to inch higher, scientists say catastrophic floods could become more severe and more frequent.

International
Property

Dramatic pictures reveal Venice flooding

Thanks to bad weather and high tides, Italy's historic City of Canals has been inundated again, raising fears for its longterm safety.

Mid-Atlantic
Property

North Carolina: Nags Head won’t ease lot size rule for big homes

The lot size issue in Nags Head has surfaced as Outer Banks communities continue to grapple with how to regulate what are critically referred to as ‘mega-mansions’ along the oceanfront.

Coastwide
Property

FEMA Postpones Switch to New Risk-Based Flood Insurance Rating Until 2021

The federal government is delaying implementation of a major change to its pricing formula for federal flood insurance that bases rates on a more accurate assessment of the real flood threat for each home and reflects the cost of rebuilding a home.

Gulf of Mexico
Property

Rising U.S. losses from powerful hurricanes flag need for better protection

Worsening storms are causing worsening damage - but measures to prepare and protect could help, experts say

Southeast
Property

Red tide is back off the coast of Florida. Residents aren't sure how much more they can take

Starting in the summer of 2017, Colleen Gill's strolls on the beach were often interrupted by the smell of death.

Southeast
Property

Florida’s building code doesn’t take sea rise into account. That could change this year

The last time the Florida building code changed, it required any new construction along the coast to elevate buildings a whole foot. Just three years later, that doesn’t look like enough. There’s a call to go up yet another foot.

Southeast
Property

Editorial: Don't scam Florida home buyers; require sellers to reveal a home's flooding risk

Want to buy some Florida swampland? You could, without knowing it. And nobody has to tell you.

Mid-Atlantic
Property

North Carolina: An island community grapples with its future

OCRACOKE, N.C. - On any normal late-fall day, the ferries that ply the 30 miles between Swan Quarter and this barrier island might carry vacationing retirees, sports fishermen and residents enjoying mainland getaways after the busy summer tourist season.

International
Property

ESSEX, Ontario -- Windsor and Essex county are in dire straits when it comes to the threat of flooding

The warning comes from the Essex Region Conservation Authority. Watershed Management Director Tim Byrne said at Thursday's board meeting that the region is "woefully unprepared" for emergency flooding.

Mid-Atlantic
Property

Rich Residents Build Defenses Against Rising Seas; Poor Ones Leave

Socioeconomic status and racial diversity affect how different communities adapt to a changing climate

Caribbean
Property

Two months Following Dorian, Debris Presents Critical Health Dangers for Bahamians

Residents on Green Turtle Cay say they haven't received help from the government since the hurricane and have resorted to burning their trash in an attempt to prevent disease.

Mid-Atlantic
Property

Developers pay for coastal development study. Critics worry it’ll justify construction

Business interests are pumping hundreds of thousands of dollars into a new research institute at Coastal Carolina University to counteract rising criticism of new development along the state’s flood-prone coast.

Northeast
Property

Massachusetts: Marblehead Gets State Coastal Resiliency Grant

Facilitating Climate Adaptation Strategies for Marblehead and its Harbor

Northeast
Property

New York: No Coastal Flooding Protections In Store For City’s Largest Food Hub

Seven years after Superstorm Sandy, the de Blasio administration has no plans for coastal flooding defense measures to protect the city’s largest food market — a $3 billion hub that sits on a low-lying peninsula in The Bronx.

International
Property

Credit Suisse Exec: Firms ignoring climate change could 'go to zero,' coastal property investments cited as an example

One of Credit Suisse’s (CS) most senior bankers has said investments could “go to zero quickly” if companies ignore climate change " and cites coastal property investments as an example.

Southeast
Property

Myrtle Beach Insiders fund Institute for Responsible Development

A long list of City of Myrtle Beach elite, industry insiders are pooling $2 million in funds to create the Institute for Responsible Development.

Great Lakes
Property

Powerful waves threaten their Lake Huron dream homes

BAY CITY, MI — On a recent stormy Thursday morning, Dave and Cindy Ferrio gathered in the great room of their home on Saginaw Bay, looking out at the waves crashing into their seawall.

West Coast
Property

Sudden oak death spreading fast, California’s coastal forests facing devastation

It is the forgotten killer when compared to our increasingly frequent climate calamities, but the virulent pathogen known as sudden oak death remains active and is spreading death so fast it could destroy California’s coastal forest ecosystem, UC Berkeley scientists reported Thursday.

Southeast
Property

Beach Erosion Has Claimed Iconic Southwest Florida Dome Homes Built to Withstand Hurricanes

The structures were part of a six-building complex with solar power and a water-collecting system. They were beachfront property when built in the 1980s. Erosion, hastened by hurricanes and storms, has destroyed the domes.

Northeast
Property

Op-Ed: NJ Policy on Managed Retreat Must Become Equitable as Sea Levels Rise NJ Spotlight

Will we continue to let blue-collar communities bear the weight of retreat or will we face the reality of sea level rise with an eye toward equity?

Mid-Atlantic
Property

Americans Start Adapting to Climate Change. They’re Doing It Wrong

(Bloomberg) -- Americans took a long time to decide that adaptation to the changing climate was an idea worth exploring. It’s taken only a short time for them to start doing it wrong.

Gulf of Mexico
Property

State expects to dole out all Hurricane Michael Recovery Grants by year's end

The program was created last Session to advance local governments’ recovery projects.

International
Property

Illegal bungalows on Alibaug coast: HC summons collector

The Bombay High Court on Wednesday pulled up the Maharashtra government for "turning a blind eye" to illegal constructions carried out by "powerful and eminent" people in the coastal Alibaug district.

International
Property

UK: Residents near fast-eroding shoreline could become 'climate refugees'

Coastal residents in Norfolk are at risk of becoming 'climate refugees' due to erosion, rising sea levels and climate change, it has been claimed.

Northeast
Property

Presentation focuses on possible 'retreat' from coast

A.R. Siders, a managed retreat specialist, will give a live video broadcast presentation Wednesday night discussing how storms, floods, erosion and sea level rise are making coastal towns more dangerous, and addressing the question of when it makes sense for people to move away from the ocean.

Arctic & Antarctica
Property

This Arctic Community Is Literally Falling Into the Ocean

Some residents of Tuktoyaktuk, on the northern tip of Northwest Territories, are facing relocation as they struggle with melting ground and a rising sea.

Northeast
Property

Maine: Towns will collaborate, participate in sea rise study

KENNEBUNK — Selectmen have agreed to spend $7,500 this year and are expected to invest $15,000 in the next fiscal year to help fund a two-year staff position at Southern Maine Planning and Development Commission designed to help communities prepare for rising sea levels, coastal resiliency and related issues.

Mid-Atlantic
Property

North Carolina General Assembly could pass comprehensive storm recovery bill

BEAUFORT — State lawmakers are in the process of considering a bill that, if approved, would earmark more than $200 million for disaster recovery from every major named storm since 2016. These include hurricanes Matthew, Florence, Dorian and Tropical Storm Michael.

Great Lakes
Property

Lake Michigan: Beaches forced to find structural solutions to erosion problem

OTTAWA COUNTY — All along Lake Michigan, the erosion problem is doing a lot more damage to beaches and parks than just cutting them down to size.

Mid-Atlantic
Property

This Outer Banks lighthouse has stared down all kinds of disasters in its 160 years

A war, dozens of treacherous hurricanes and at least one lightning strike have beleaguered Cape Lookout since its lamp was first lit. But it weathered them all. On Friday, the Cape Lookout National Seashore said the famed diamond-patterned lighthouse is celebrating its 160th birthday with a day of free climbs.

Coastwide
Property

How climate change creates a ‘new abnormal’ for the real estate market

A report from the San Francisco Federal Reserve underscores how climate shifts create big investment and economic risks

International
Property

New elevation data triple estimates of global vulnerability to sea-level rise and coastal flooding

Sea level rise this century could flood coastal areas that are now home to 340 million to 480 million people, researchers from Climate Central, a research and advocacy group, report. That’s roughly triple the number of people estimated to be at risk using previous coastal elevation data.

Mid-Atlantic
Property

Maryland: Residents, officials meet after Neck District floods

DORCHESTER COUNTY/NECK DISTRICT — Days after the highest tides in years cut off access to many homes along Twin Point Cove, about 12 miles west of Cambridge, residents sat down with County officials to discuss ongoing efforts to get state and federal help to combat future flooding and shoreline erosion.

Gulf of Mexico
Property

National Academies of Sciences Awards LSU and Louisiana Sea Grant Funds to Bolster Gulf Coast Resilience

BATON ROUGE—When buying a home, people often weigh the quality of the schools, crime rates, cost and property values into their buying equation. Rarely do they think about disaster risk, mostly because there is no easy way to do so.

Coastwide
Property

How climate change creates a ‘new abnormal’ for the real estate market

A report from the San Francisco Federal Reserve underscores how climate shifts create big investment and economic risks

Coastwide
Property

Nature Conservancy: Mangroves Reduce Flood Damages During U.S. Hurricanes, Saving Billions of Dollars in Property Losses

A new report finds that mangroves provide valuable flood risk benefits and play a critical role in protecting coastal communities in Florida.

Gulf of Mexico
Property

Texas Coast Draws Buyers Seeking Less Expensive Vacation Homes

Some of the most affordable investment beach towns are located in Texas’ Gulf Coast, namely Port Aransas with 18 beachfront miles on Mustang Island, where the average 50-foot Gulf front lot costs less than $1 million.

Northeast
Property

Maine: Rockweed industry adrift after ruling allows landowners to restrict access

The court decision this spring overturned decades of precedent that harvesters relied on to cut the wild seaweed.

Northeast
Property

Rising Sea Levels Claim a Chesapeake Bay Landmark

At a Glance > The island is eroding away. > Tens of thousands of students and teachers have taken part in education programs at the center. > Students say it's "an unforgettable place."

Northeast
Property

FLIRTING WITH DISASTER: FLOOD ZONES STILL UNINSURED YEARS AFTER SANDY

Seven years after Superstorm Sandy deluged New York City, more than eight out of 10 properties in coastal areas the federal government deems extremely vulnerable to the next disaster are without flood insurance, an investigation by THE CITY found.

Coastwide
Property

Secret Deal Helped Housing Industry Stop Tougher Rules on Climate Change

WASHINGTON — A secret agreement has allowed the nation’s homebuilders to make it much easier to block changes to building codes that would require new houses to better address climate change, according to documents reviewed by The New York Times.

Southeast
Property

Judge dismisses Manatee lawsuit against Airbnb

MANATEE COUNTY — A judge this week dismissed Manatee County Tax Collector Ken Burton Jr.’s lawsuit against Airbnb regarding the collection of local resort taxes on vacation home rentals.

International
Property

Waterworld? Floating Cities Turn Hollywood Sci-fi Into Reality As Sea Levels Rise

“Coastal cities are literally the interface between man and nature. That is where it is happening,” spoke Marc Collins, the former tourism minister of French Polynesia and founder of Oceanix as we sat together in Bryant Park beneath the towers of Manhattan.

International
Property

Water may soon lap at the door, but still some homeowners don't want to rock the boat

It is becoming increasingly possible that sea-level rise of a meter or more will occur this century. You might expect this threat to preoccupy coastal homeowners. But many deny the need to act, for fear their property values will fall.

Coastwide
Property

Climate change experts agree on the last place they‘d invest for the future: waterfront property

Waterfront property might seem like the ultimate luxury; an asset to pass down for generations to enjoy.

Northeast
Property

Massachusetts: State coastal agency again oversteps local boards

In Shakespeare’s classic tragedy “Macbeth,” the title character muses at one point about a rival who is next in line for the throne, darkly musing: “That is a step on which I must fall down, or else o’erleap, for in my way it lies” as he ponders his future.

International
Property

SWEPT BY THE SEA: Dublin Woman's Home falls onto beach from Coastal Erosion and her Dad's Home is now at Risk

Across the world we are seeing the effects of climate change, however, residents of Portrane in North County Dublin are experiencing first-hand its devastating consequences.

Southeast
Property

South Carolina: Did your property flood the past four years? This new plan is looking for your feedback

Flood waters from Hurricane Florence receded over a year ago, but Horry County is still struggling with how to move past the record-breaking natural disaster.

Hawaii & Alaska
Property

Hawaii: Council passes climate resolution despite some doom-and-gloom from Chung

HILO — The Big Island is officially facing a climate crisis, according to a resolution unanimously passed Wednesday by the Hawaii County Council.