Sunshine State Blues: Climate Change Drives Florida Home Price implosion

Doug McIntyre discusses a recent Realtor.com study revealing that four Florida cities — Tampa, Miami, Fort Lauderdale and Jacksonville — are among the ten cities nationwide with the most significant falling real estate prices. The primary cause for the decline is climate change, with these cities frequently hit or brushed by severe storms. In addition, the risk of extreme weather has made some homes in these markets uninsurable, further pushing prices downward.