People buying homes on Florida's flood-prone coasts will likely have trouble selling in the future, Redfin CEO said

Jan 10 2023 by Business Insider

 
Climate change puts coastal cities in Florida at a higher risk of flooding.

Jeffrey Greenberg/ Getty Images

Climate change is spurring tropical storms in Florida, putting coastal cities at more risk for flooding. Glenn Kelman, Redfin's CEO, said homeowners in flood zones will have trouble selling to regular buyers. He added that the high-risk nature of these properties has drawn more interest from cash-flush investors.

Florida has experienced five federally-declared disasters since 2000 in the...

Continue Reading People buying homes on Florida's flood-prone coasts will likely have trouble selling in the future, Redfin CEO said