Palm Beach Housing Market Damaged By Climate Risks

Douglas McIntyre, Editor-in-Chief at Climate Crisis 24/7, reports that Palm Beach’s housing market is facing a steep slowdown. Homes in the area now stay on the market for nearly twice as long as the national average. Climate concerns — especially the rising threat of rapidly intensifying hurricanes — and soaring home insurance costs are driving down demand. Buyers are increasingly wary of high-risk coastal living, especially when insurance premiums rival mortgage payments.