Since there is already a shortage of affordable housing, many homebuyers have no other choice but to accept living in a place where climate disasters are becoming more prevalent.
A global pandemic and an unprecedented shift in the housing market have the potential to reshape buyers’ preferences over the longer term, yet many behaviors and attitudes remain the same.
The deadly devastation that Hurricane Ida left from the Gulf Coast to the mid-Atlantic coast is likely a preview of what’s to come, as climate change and rising sea levels converge to produce stronger and more frequent natural disasters.
