Billions in NYC Real Estate at Risk From Flood

Douglas McIntyre, Editor-in-Chief at Climate Crisis 24/7, highlights a Realtor.com study citing nearly $300 billion worth of residential property in New York City at risk of severe flooding over the next 30 years. Based on data from First Street’s Flood Factor model, 10% of the city’s housing—mainly in low-lying neighborhoods like Queens—is highly vulnerable. McIntyre notes that intensifying hurricanes along the East Coast have already impacted the city and are likely to continue, underscoring growing climate threats to major urban housing markets.