First Street Foundation News

Scientists Vow to Report Flood Risk for Every U.S. Property for Free

In a major research undertaking, a group of scientists and a technology nonprofit technology organization have set a mission to calculate the past, current and future flood risk of every property in America. While institutional real estate investors and insurers …

Is Sea Rise Wrecking Coastal Home Values? The Answer: Maybe

For sale: waterfront property with sweeping views of the Atlantic Ocean. Waves erode beach regularly. Flooding gets worse every year. Saltwater damage to lawn. Asking price: anyone’s guess. Some research suggests rising sea levels and flooding brought by global warming …

Study: $76.4M in Texas Home Values Erased by Flooding Tied to Sea Level Rise

New research shows that increased tidal flooding caused by sea level rise has eroded $76.4 million in relative property values along the Texas coast between 2005 and 2017. That’s according to a peer-reviewed housing market study by data scientists from …