Floods and other climate hazards pose a widespread and growing threat to housing and
infrastructure around the world. By incorporating climate risk into asset prices, markets can …

Floods and other climate hazards pose a widespread and growing threat to housing and
infrastructure around the world. By reflecting climate risk in prices, markets can discourage …

Climate change impacts threaten the stability of the US housing market. In response to
growing concerns that increasing costs of flooding are not fully captured in property values …

While the empirical evidence on the pricing of flood risk exposure in residential real estate
held by uninformed households is mixed, this study shows that sophisticated investors in …

We study how professional investors capitalize flood risk in commercial real estate (CRE)
markets after hurricane Sandy. We show that New York CRE exposed to flood risk trades at …

This study investigates the capitalization of climate shocks in commercial real estate owned
and operated by professional investors. We focus on Hurricanes Harvey and Sandy to …

Climate change, the 'boom and bust'cycles of rivers, and altered water resource
management practice have caused significant changes in the spatial distribution of the risk …

Applying a difference-in-differences framework to a census of residential property
transactions in New York City 2003–17, we estimate the price effects of three flood risk …

Hedonic valuation models have shown that sales prices can capitalize property risk factors,
such as flood zone; properties facing lower risk sell at a premium, all else being equal …

How do climate risk beliefs affect coastal housing markets? This paper provides theoretical
and empirical evidence. First, we build a dynamic housing market model and show that …