"NAGS HEAD, N.C. -- All along the coast of the southeast United States, the real estate industry confronts a hurricane. Not the kind that swirls in the Atlantic, but a storm of scientific information about sea-level rise that threatens the most lucrative, commission-boosting properties.
These studies warn that Florida, the Carolinas and other southeastern states face the nation’s fastest-growing rates of sea level rise and coastal erosion — as much as 3 feet by the year 2100, depending on how quickly Antarctic ice sheets melt. In a recent report, researchers for Zillow estimated that nearly 2 million U.S. homes could be literally underwater by 2100, if worst-case projections become reality.
This is not good news for people who market and build waterfront houses. But real estate lobbyists aren’t going down without a fight. Some are teaming up with climate change skeptics and small government advocates to block public release of sea-level rise predictions and ensure that coastal planning is not based on them."