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Homebuyer Demand Remains Strong In High-Risk Areas: Report
['Tyler Durden']
ZeroHedge News
The report indicates that, despite the likelihood of flooding, wildfires, or extreme windstorms in some areas, homebuyer demand remains strong, often driven by lower list prices than in nearby lower-risk areas.
In Oregon, for example, the median HOA fee in high-risk areas is $423, compared with $114 in lower-risk areas.
Los Angeles County homes in higher-risk areas also offer discounts, with homes there priced at 75 percent of those in lower-risk areas and accounting for 23 percent more views.
"Following the January 2025 LA wildfires, buyer interest in high-risk homes dropped 10%, yet fully recovered within one month."
For those who still choose to purchase homes in high-risk weather zones, Insurance.com recommends ensuring they have adequate replacement cost coverage in the event of a natural disaster.