Professors Toby Bolsen (Political Science) and Risa Palm (Urban Studies and Geosciences)
Despite increased flooding and other climate risks, real estate prices in South Florida continue to rise. A recent in-depth report in the Miami Herald “consulted more than a dozen economists, academics and real estate professionals on when, how or even if the increasing threat will impact cost and demand.”
Risa Palm was one of those experts. Palm and Toby Bolson surveyed nearly 700 South Florida real estate agents as part of their work on this issue. “I had a grad student working on this project, and she wanted to ask the real estate agent what it looks like 20 years out and they laughed at us,” Palm said. “Who looks 20 years out? Nobody does.”
Read the whole story from the Miami Herald here. Learn more about Palm and Bolson’s work here.