“An anthrax attack centered on downtown Seattle could cripple the region’s real estate market, causing housing prices to plunge 33 percent and resulting in 70,000 residential foreclosures,” the University of Southern California said in a press release promoting a study analyzing “how an insidious terrorist attack — one that employs radiological, biological or chemical agents — would impact the real estate market of a major city.”

The study, published in the journal Risk Analysis and funded by the U.S. Department of Homeland Security, said an anthrax attack could cause 200,000 people to flee Seattle. Some of the subsequent decline in real estate prices could be mitigated if effective communication about the initial threat and progress toward decontamination followed an attack, the university said.

Source: SeattlePI.com

Back to top
Don’t miss out! Inman Connect Las Vegas starts today and you can catch all the excitement with a virtual ticket.Register Now×
Limited time: Get 30 days of Inman Select for $5.SUBSCRIBE×
Log in
If you created your account with Google or Facebook
Don't have an account?
Forgot your password?
No Problem

Simply enter the email address you used to create your account and click "Reset Password". You will receive additional instructions via email.

Forgot your username? If so please contact customer support at (510) 658-9252

Password Reset Confirmation

Password Reset Instructions have been sent to

Subscribe to The Weekender
Get the week's leading headlines delivered straight to your inbox.
Top headlines from around the real estate industry. Breaking news as it happens.
15 stories covering tech, special reports, video and opinion.
Unique features from hacker profiles to portal watch and video interviews.
Unique features from hacker profiles to portal watch and video interviews.
It looks like you’re already a Select Member!
To subscribe to exclusive newsletters, visit your email preferences in the account settings.
Up-to-the-minute news and interviews in your inbox, ticket discounts for Inman events and more
1-Step CheckoutPay with a credit card
By continuing, you agree to Inman’s Terms of Use and Privacy Policy.

You will be charged . Your subscription will automatically renew for on . For more details on our payment terms and how to cancel, click here.

Interested in a group subscription?
Finish setting up your subscription