With news of climate change, increased coverage of natural disasters and a general fear of mother nature’s wrath, homebuyers seem to be getting savvier and straying from natural hazard risk zones.
- Homes sales in the first six months of 2016 among the bottom-fifth of U.S. counties with the lowest natural hazard risk boosted 4.2 percent year-over-year, Attom says.
- In the top-fifth of U.S. counties with the highest risk of natural hazards, sales improved just 1.9 percent year-over-year.
- The median sales price for low-risk counties was $187,291 – 33 percent below the estimated average market value in high risk areas of $279,570.
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Inman Connect New York | January 29 - February 1, 2019