Tri-state area lost nearly $7B in resi value due to flooding: report

Homeowners in New York, New Jersey and Connecticut have seen home values lose nearly $7 billion due to flooding since 2005, according to a new study. That’s on par with the $7.4 billion in value lost during the same time across the five southeastern states of Florida, Georgia, South Carolina, North Carolina and Virginia. The new study from the nonprofit First Street Foundation said the Northeastern tri-state area lost nearly as much property value than […]

source https://therealdeal.com/2018/08/26/tri-state-area-lost-nearly-7b-in-resi-value-due-to-flooding-report/