Boston had a bad winter. An early cold spell, back-to-back Nor'Easters, and water in the streets is how it will be remembered. CNBC's Diana Olick takes a deeper than usual dive into Boston's dilemma.
If last year was any guide, storms are getting increasingly intense, dangerous and destructive.
Sixteen separate weather disasters in 2017 caused more than $300 billion in economic losses, including damage to both commercial and residential real estate, according to the National Oceanic and Atmospheric Administration, or NOAA. That is a new annual record.
This year started with a bang as well. Back-to-back nor'easters slammed into the New England coast. The powerful storms sent water flooding in to Boston's historic Seaport District. It was what city planners had predicted, just not yet.
Waterfront real estate in Boston rises in the face of stronger storms from CNBC.
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