Flooding due to climate change may make coastal homes less valuable. AP Photo/Julio Cortez October 22, 2018 Does climate change affect real estate prices? Only if you believe in it Constantine Yannelis, University of Chicago; Lorenzo Garlappi, University of British Columbia, and Markus Baldauf, University of British Columbia Coastal real estate prices appear to be taking a hit, but mostly in neighborhoods with more climate change believers.
