Hampton Roads Solve-a-thonJune 7, 2018
Hampton Roads Sea Level Rise/Flooding Adaptation ForumJuly 27, 2018
The Impact of Severe Weather Events on Hampton Roads’ Housing Market
“Homebuyers in Hampton Roads are becoming more cognizant of flood prone areas when searching for a home, which may result in decreased housing prices and a longer time-on-market.”
“Properties within the high-risk flood zones remained on the market for approximately 5 – 8 days longer than properties not in a flood zone.”
- New CCRFR report authored by Timothy Komarek (Old Dominion University), Larry Filer (Old Dominion University), Timothy Hodge (Oakland University), Derek Loftis (Virginia Institute of Marine Science), and Jennifer Seay (Old Dominion University) examines how flooding in Hampton Roads impacts the housing market. Read the full report here.
Assistant Professor, Department of Economics,
Old Dominion University
Read more about this at News @ ODU
Visit our Economic Impacts page and our Communications & Communities page to read more CCRFR reports.