Professor Galina Hale co-authored “Financial value of nature: coastal housing markets, mangroves, and climate resilience” for the Review of Finance, which finds that homes in coastal Florida saw smaller price declines after storms when they were near mangrove forests versus homes that were farther from them. The magnitude of home-value declines following major hurricanes that struck Florida between 2004 and 2017 was nearly twice as large in areas farther from mangroves. The analysis showed that, per $1 million home, dwellings near mangroves saw an average of $20,000 to $40,000 of property-value protection—and in some cases, the difference was as much as $60,000.