Tuesday Top of the Scroll: Sinking land is driving down home values in California’s Central Valley, study shows
Sinking ground in California’s Central Valley is causing property values to sink, according to a new study by UC Riverside. ”When we see droughts, we see larger subsidence, we see more extraction of groundwater, we see larger subsidence, and that’s a sign for many other problems, like water availability, job availability and so on,” said Mehdi Nemati, author and UC Riverside Enviro Economics and Policy assistant professor. … To determine how this sinking is impacting home values, researchers used satellite-based radar data to measure ground-level changes. … They estimated that losses totaled $1.87 billion across the region from 2015 to 2021.
Other groundwater news:
- E&E News by Politico: EPA plans on PFAS spur questions about groundwater
- KJZZ (Phoenix, Ariz.): As drought concerns grow, Arizona universities, Board of Regents work to safeguard groundwater
- YubaNet (Nevada City, Calif.): PCWA adopts Martis Valley Groundwater Management Plan
