CBS NEWS - 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.
Professor Nemati is part of a group of researchers looking into how excessive groundwater pumping is impacting the housing market.