How climate change is impacting home buying
So far this year, the United States experienced 19 confirmed weather or climate disaster events with losses exceeding the $1 billion mark, according to the National Oceanic and Atmospheric Administration. With severe weather becoming more of a reality for Americans, Middleburg Communities chief economist and former Fed economist Brad Case breaks down how it is impacting homebuyer mindsets.
"There's no question that people are revealing that they would rather live in a place where housing costs are lower and the weather is more moderate, and that's the Sun Belt. For my company, that means the southeast and the Mid-Atlantic," Case explains.
He notes that his company is focused on building away from coasts as more buyers turn to opportunities in the southeast, southwest, and Mid-Atlantic. "The people who are going to continue to move, move to actually the coast itself, are going to be very wealthy people who don't need to worry about the disasters. The people who do need to worry about weather disasters? They're going to move to more inland locations within those markets," he adds.
For more expert insight and the latest market action, click here to watch this full episode of Wealth!
This post was written by Melanie Riehl
相關影片推薦
- 2:03的士司機記分制明生效 業界指打擊士氣now.com 影音新聞3,855 次觀看・13 小時前
- 3:32【娛樂訪談】朱栢謙夠大膽搵Mirror Alton演嫖客?Yahoo OMG Videos77,972 次觀看・1 天前
- 17:30昂坪覺蓮苑|開箱過100年英式大宅28Hse.com5,023 次觀看・20 小時前
- 2:50「金鎗六十」退役 作戰多年騎師何澤堯謂情同家人now.com 影音新聞42,903 次觀看・23 小時前
- 1:45深圳日本人學校男童遇襲 市民稱是「長期仇恨教育下的惡果」BBC News 中文81,344 次觀看・1 天前
- 1:42早晨天氣節目(09月21日上午7時) - 科學主任何俊傑香港天文台1,326 次觀看・1 天前
- 4:50元朗價買港島豪宅|誠哥深水炸彈價重臨?28Hse.com95,285 次觀看・2 天前
- 19:31大埔 大埔中心 翠屏花園|幢幢舊樓 兩房呎價約1.1萬元28Hse.com376 次觀看・8 小時前