Estimate revised up of new Shore homes imperiled by sea-level rise, storm surge

Belmar flooded by Hurricane Sandy

JON HURDLE / NJ SPOTLIGHT – Climate scientists and real-estate experts have revised up their estimate for the number of recently built homes along the Jersey Shore that would be flooded by future sea-level rise and storm surge.

Climate Central, a Princeton-based research group, and the national real-estate company Zillow now estimate that 3,087 homes built between 2009 and 2017 — together worth more than $3 billion — are in a “risk zone” for the kind of flooding that is estimated to occur once a year by 2050.

That compares with 2,682 homes with an estimated value of $2.6 billion projected in an earlier version of the report only last November …

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