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 …

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 …

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 …

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 …

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 …

Homes exposed to sea level rise (SLR) sell for approximately 7% less than observably
equivalent unexposed properties equidistant from the beach. This discount has grown over …

This paper studies whether house prices reflect belief differences about climate change. We
show that in an equilibrium model of housing choice in which agents derive utility from …

Barring an unprecedented large-scale effort to raise island elevation, barrier-island
communities common along the US East Coast are likely to eventually face inundation of the …

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 …