In a study, 3,000 U.S. counties were indexed based on risk of six natural hazards – such as earthquakes, floods, hail, and hurricane storm surge. The research showed that median home prices in the first 6 months of 2016 are up 9.5% from the same time period 10 years ago in the counties with the lowest level of natural hazard risk, compared to a 1.9% increase in the highest-risk counties. Home sales are also twice as strong in the low risk countries. Among the larger counties (at least 5,000 home sales in the first 6 months of 2016), Maricopa County, Arizona (The Phoenix-Scottsdale-Mesa metro area) was one of the 5 lowest risk counties. In contrast, 2 Florida counties were in the top 5 natural hazard risk areas. So this data may mean that home buyers and investors have increasingly decided to opt for the Phoenix metro area over Florida.
Low Hazard Risk County Home Sales Increasing Twice as Fast.
by firstname.lastname@example.org | Sep 21, 2016 | Arizona and Its Amenities, Real Estate Facts & Figures | 0 comments