Real Estate News
--> Arizona News
‘Climate gentrification’ is coming to Miami’s real estate market.
If real estate values start to decrease rapidly for high-risk properties ... Parts of 40 states, including Arizona, have been colder than Anchorage so far. And earlier this month, Sitka, Alaska, set a new record for the warmest low temperature ever ...
That could be a sign of preference for properties that are more resilient to floodingFlorida has certainly seen more than its fair share of rising seas and climate-fueled stormsAnd nationwide, coastal homes at risk of inundation are beginning to lose value.
Climate gentrification — a new phrase to describe climate change’s transformation of real estate markets — could have huge repercussions. If real estate values start to decrease rapidly for high-risk properties, we could be on the cusp of a foreclosure crisis, Harvard researchers say.
In addition, wealthy people might crowd mixed-income areas, pushing out longtime residents. “People’s lives, their livelihoods, and their culture” are at stake, Mustafa Santiago Ali, senior vice president of the Hip Hop Caucus, told CBS.
Guess it’s time for a new addition to our ever-expanding climate change vocabulary.
2 days ago
(Photo by: Arterra\/UIG via Getty Images)","created_timestamp":"1452964476","
Trending Arizona News:
Bill Gates buys Arizona land — hilarity, or tragedy, ensues
Blog names Arizona's most exciting city
Arizona Regional Multiple Listing Service Signs New Agreement with Zillow and Trulia
Arizona jobless rate goes down, nation is up
LGI Homes reports strong second-quarter results
Feds Sue Former Nevada Executive Tied To Arizona Bank Failure
Joint Venture to Develop 332-Unit Luxury Mixed-Use Residential Development in Scottsdale
Rentals United Announces Five New Partnerships
For these bald eagles, Arizona real estate is above par
John Trautman – Real Estate Knowledge Institute
Professional Realtors® - Dominion Real Estate Partners Announces the Opening of Two New Full Service Real Estate ...
Are suites, season tickets and sports back as sales, business development tools?
Anderson shopping center sold for $25.6 million
Beverly Hills-Based Luxury Real Estate Firm Expands to Arizona
Limoneira Company Receives Trailblazer Award from Grocery Headquarters
They're Baaack! Supermodels Have Regained Their Rightful Place on Vogue
See what $14M buys you in Scottsdale
Paradise Valley estate sells for MLS record $12.75M
Arizona AG: I broke no campaign finance laws
County extends deal deadline for Chase Field sale