Heterogeneity in the recovery of local real estate markets after extreme events: The case of Hurricane Sandy
研究发现飓风桑迪导致纽约市受风暴潮冲击的独栋和多户住宅价格下跌16%，6年后仍低12%，影响集中在非洪泛区及低收入地区，并改变了社区人口结构。
Abstract Natural disasters can cause physical damage and provide information about flood risk. We find that the prices of one to three family homes in New York City hit by high storm surges during Hurricane Sandy dropped by 16% and remained 12% lower than pre‐storm levels 6 years after the storm. Effects were concentrated in areas outside of pre‐existing flood zones, where risks were less salient, and they were more persistent in lower income areas. Finally, flooding may have changed neighborhood demographic trends, as post‐Sandy homebuyers in hard‐hit areas had lower incomes and were less likely to be white.