Are Coastal Home Values Feeling Drag of Climate Change?
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 are harming coastal property values. But other climate scientists note shortcomings in the studies, and real estate experts say they simply haven’t seen any ebb in demand for coastal homes. So how much homeowners and communities should worry, and how much they should invest in remedies, remains an open question. Nancy Meehan, 71, is considering putting her coastal condo in