In the next 30 years, flood damages to U.S. More frequent extreme weather could magnify the trend. Since 2000, overall flood damages have quadrupled in the U.S. As more people have built more homes in areas exposed to cyclones, sea-level rise and other inundation hazards, flooding damage costs have skyrocketed. In some states, such as Florida, as many as one in six homes are in floodplains. “Improving how we communicate about flooding is an important step in the right direction.” Water hazard “The overvaluation we find is really concerning, especially given the increases in climate risk that are coming our way,” said study lead author Miyuki Hino, who was a PhD student in the Emmett Interdisciplinary Program in Environment and Resources in Stanford’s School of Earth, Energy & Environmental Sciences (Stanford Earth) at the time of the research and is now an assistant professor in the University of North Carolina at Chapel Hill’s department of city and regional planning.
They find that floodplain homes are overvalued, particularly in situations where buyers are less informed on flood risk. housing markets respond efficiently to information about flood risk. In a new study, Stanford researchers explored whether U.S.
As the climate changes, more frequent and intense flooding is a threat that many Americans face.
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