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South Florida’s underwater homes are drying out

South Florida’s underwater homeowners are drying out: report. But while the nationwide trend has leaned toward shrinking underwater homeownership, some major metros are still lagging behind others. The Zillow report states Las Vegas was the worst metropolitan area in the nation for underwater homes in the fourth quarter with a rate of 16.6 percent, following closely by Chicago, with 16.5 percent.

"It starts out looking a lot like coral bleaching," says. The Rescue Project now cares for more than 1,500 colonies in aquariums or nurseries in South Florida. More than 600 have found new homes at.

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South Florida’s underwater homes are drying out. That equates to 296,838 properties spread throughout Broward, Palm Beach and Miami-Dade counties – a 2.3 percentage point decrease from the third quarter of 2015. South Florida homeowners were stuck with upside-down loans when the real estate market crashed in the late 2000s.

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By the end of the century, database company Zillow Group estimates, almost a half-million Miami homes could be-literally-underwater. trying to find out if they’re about to buy a house that will be.

More than $360 billion of South Florida real estate rests on our doomed. homes abandoned and quite literally underwater, turning South.. across Fort Lauderdale, and “areas that were once wet are now dry,” Jurado says.

But if you don’t mind a little sweat while you tan and drink mojitos, there’s no more cost-effective time to visit South.

Florida is renowned for its beaches and seascapes, but the state also has possibly the highest concentration of springs in the world, due to the karst geology and climate. Whether you are a cave-certified scuba diver, are on the hunt for fossils, or you and your family are just looking for a vacation from Florida’s more crowded beaches and theme parks, Florida’s freshwater offers something.

Rising seas burying houses doesn’t sound great, but what if your house is underwater already? Take that, nature! Let’s take a look at the 10 most amazing underwater buildings that actually.

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It’s a scorching midsummer day, and the sawgrass is still under a pale blue sky. Waist-deep in water and sinking slowly into the muck, I fend off mosquitos as a man from South Florida’s Water.

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