Rising Tides, Sinking Approval Rates: Examining SLR Risk and Mortgage Credit Access
研究发现，面临海平面上升风险的地区抵押贷款批准率降低0.36%至1%，且对少数族裔影响更大，反映了对未来风险的预期而非过去灾害。
ABSTRACT We measure sea‐level rise (SLR) risk using two indicators: SLR Impact (whether a census tract would be inundated under a 1‐ft SLR) and SLR Exposure (percentage of land inundated under a 1‐ft SLR). SLR‐impacted areas see 0.36%–1% lower mortgage approval rates, with a 10% increase in SLR Exposure reducing approvals by 14 basis points. These patterns reflect future SLR risk expectations rather than past flood or hurricane events. We also find higher denial rates in regions with stronger climate risk beliefs and greater SLR risk. Additionally, SLR‐related mortgage denials disproportionately affect minority groups.