Environmental risks are accelerating in ways the housing market can’t ignore. At the same time affordability pressures and insurance challenges are reshaping where and how Americans can live.
- Natural disasters are starting to influence people’s choice of home. Part of it is safety. A lot of it is price. Still, awareness has not yet tipped the scales, and people continue to move to these popular, but risky, regions.
- There are signals that people are shifting where they're migrating to. Just look at Florida where the number of new arrivals has slowed in recent years.
- Investing in resilience measures before a disaster strikes can help ease the financial burden of a catastrophe. But how much depends on when — and where — you make that investment.
Links:
Cotality Insights
https://www.cotality.com/insights
Climate at Cotality
https://www.cotality.com/climate