Residential

Rising seas threaten nearly $1 trillion worth of US homes, and most of them are moderately priced: Zillow

Coastal real estate in America is so often depicted in images of sprawling mansions with long lawns leading down to boat slips and sandy beaches. They grace the cover of vacation magazines and retirement brochures. But the reality is that the majority of coastal homes are not super swanky, and they are most in danger of rising sea levels.

If sea levels were to rise 6 feet, 1.9 million homes, or $916 billion worth of U.S. residential real estate, could be lost, according to a new report from Zillow. Zillow looked at what types of homes would be flooded, absent preventative measures, based on the most recent estimates of sea-level increase by the end of the century.

Read Article at CNBC.com

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