I recently read an article on the Axios website that discussed sea level rise and its impact on home values in the Southeast. Charleston was one of the places mentioned specifically. In the article, it reports on a study was recently conducted jointly by First Street and Columbia University that provides evidence that a potential rise in sea levels is already having an impact on home values in the Southeast, to the tune of $7.4 billion.
Initially the headline causes some feelings of panic in many of us that own homes close to the coast. But should we all sell our houses and move to Ridgeville or should we ignore the findings because, hey, we love living here and there will always be a strong housing market in Mount Pleasant and the islands? Maybe there's some middle ground that we could explore further.Read More