The affect on property values in areas susceptible to flooding can vary. (futureclimateinfo.com)
The measure would also reduce property values in those areas and hurt the state's competitiveness with other states for employers, the report stated. (newsday.com)
If property values in the area have dropped, and the sellers are using the price they paid years ago as a pricing model, then it's probably overpriced. (homebuyinginstitute.com)