Americans move into disaster-prone areas amid rising climate risks

In the wake of Hurricane Helene, which has claimed at least 133 lives, a concerning trend is emerging as more Americans move to areas prone to natural disasters. A report by the New York Times highlights that this migration is intensifying the impact and cost of such events.

According to Realtor.com, nearly half of U.S. homes, valued at close to $22 trillion, are exposed to severe climate risks like floods and wildfires. Real estate professionals note that many buyers overlook these dangers when choosing where to live.

“Most people are low-information homebuyers,” states Bruce Ailion from Re/Max Town & Country in Atlanta. He adds that even with full awareness of risks, “It doesn’t seem to sink in until after disaster hits.”

Florida remains a popular destination despite frequent hurricanes. Jeff Lichtenstein from Echo Fine Properties in Palm Beach Gardens notes that “Buyers want to live where they want to live.” Nicole Mickle from Olympus Executive Realty echoes this sentiment: “The Florida lifestyle and tax benefits seem to be more important.”

However, some buyers are starting to consider climate risks seriously. Cara Ameer from Coldwell Banker observes that deciding where to live based on natural disasters is becoming a factor for those without unlimited resources.

Arizona’s growth continues despite extreme heat. Cory Pinter of Inherited House Guide says environmental factors aren’t top concerns for most buyers there. Stacy Miller from Re/Max Fine Properties points out preferences for Arizona’s heat over colder climates.

California faces wildfires and earthquakes but still attracts new residents. Sam Fitz-Simon from Compass mentions clients moving for lifestyle reasons despite fire risks. Insurance challenges also arise; Jameson Tyler Drew of Anubis Properties warns about unaffordable insurance affecting homeowners’ ability to sell properties.

Texas sees millions moving in despite its weather extremes like hurricanes and tornadoes. Paige Elliott from Elliott & Elliott Real Estate Group cites quality of life and location as primary attractions over disaster concerns.

In the Carolinas, areas like Asheville have suffered hurricane damage yet continue gaining residents. Elyse Sarnecky from Marketplace Homes notes some buyers weigh risks against living benefits but cautions real estate investors about high-risk zones.

Sarnecky reports increased inquiries about selling coastal vacation homes due to extreme weather issues, indicating a shift in how natural disasters influence real estate decisions.