Home Prices Soar in Disaster-Prone Areas
U.S. counties at the greatest risk of hurricanes, earthquakes, and other catastrophes saw the fastest home-price appreciation, a new report says.
Houses and vehicles stand in floodwaters due to Hurricane Harvey in Spring, Texas, on Aug. 28.
Photographer: Luke Sharrett/BloombergThis article is for subscribers only.
It’s been a bad few weeks for natural disasters. A series of hurricanes ripped through Texas, Florida, and the Caribbean, killing hundreds and racking up hundreds of billions of dollars in damage. Wildfires are raging in the Western U.S., and a pair of powerful earthquakes have battered Mexico.
Amid the terrifying recent events is a worrisome finding from a new report: The parts of the U.S. most at risk of natural disasters are also the places where property values are highest and increasing most quickly.