The City: In 2023, 7,344 one- to three-family homes sold across New York City — over $3.6 billion in sales  — occurred in places that face likely flooding before the end of a 30-year mortgage, according to a new report  from the nonprofit Rebuild by Design.

Those properties are located within or right near zones projected to be flooded by stormwater from heavy rain or coastal storm surges by 2050. That represents about a fifth (22%) of all one- to three-family homes sold across the boroughs in 2023. Read more>>