Hurricanes Cripple Fort Lauderdale’s Housing

Douglas McIntyre, Editor-in-Chief at Climate Crisis 24/7, reports that Fort Lauderdale’s housing market is grinding to a halt as homes linger on the market for more than twice the national average. The fear of powerful hurricanes, coupled with skyrocketing home insurance costs, has deterred buyers. In some cases, prospective homeowners can’t even secure insurance — a requirement for obtaining a mortgage — making home sales nearly impossible in vulnerable parts of Florida.