This week, Hawaii became the first state to require sellers to disclose if their property is within the sea-level rise zone. From the north shore to Kakaako, the State of Hawaii published a map showing where to expect the damage, with an estimated $19 billion in property losses to 20,000 residents. All within the next 30-40 years. This pairs with the recently published report by the National Oceanographic and Atmospheric Administration’s 2022 report, estimating a foot of sea-level rise in the next 30 years. With climate change facing us more and more, buyers will need to think harder about where to invest their money as rising sea levels will mean more homes affected.
Read the attached article by Civil Beat for more information: Civil Beat: Hawaii Homeowners Must Tell Prospective Buyers If Sea Level Rise Threatens Their Property