PWC: Climate Change Puts Over $400 Billion Of Real Estate In Florida Alone At Risk

Climate change is a major force in society, with real estate in just five afflicted cities expected to put $45.9 billion of Gross Domestic Product at risk, according to a new PWC report. The impact in states such as Florida is expected to be dramatic, for instance, with nearly 934 million homes at risk of being underwater, impacting 12.56% of the housing stock and costing $413 billion. With these dramatic impacts coming from what is a scientifically identified trend, the reaction from those in the real estate industry appears to be a yawn, according to PWC’s “Emerging Trends in Real Estate” report.

Climate change is a slow, creeping danger, the PWC report notes

As...