Redfin News: “The most flood-prone U.S. counties saw 384,000 more people move in than out in 2021 and 2022—a 103% increase from the prior two years, when 189,000 more people moved in than out. The same trend took hold in the places most vulnerable to wildfires and heat as the pandemic homebuying boom and a housing affordability crisis pushed Americans into disaster-prone areas. The counties with the highest wildfire risk saw 446,000 more people move in than out over the past two years, a 51% increase from 2019 and 2020. And the counties with the highest heat risk saw 629,000 more people move in than out, a 17% uptick. This is according to a Redfin analysis of domestic migration data from the U.S. Census Bureau and climate-risk scores from First Street Foundation. We analyzed the counties in the contiguous U.S. that rank in the top 10% for flood and fire risk and the top 33% for heat risk, as measured by the share of residential properties at high risk. Remote work and record-low mortgage rates during the pandemic prompted scores of Americans to leave expensive coastal cities like San Francisco and New York for the Sun Belt in search of more affordable housing, warm weather and/or lower taxes. States including Florida, Texas and Arizona exploded in popularity despite increasing risk from storms, drought, wildfires and extreme heat…”
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