Threat Of Natural Disasters Stunts Home Sales Growth

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August 26, 2016

Homebuyers are a little wary of the next hurricane or tornado.

MarketWatch reports that in the first six months of 2016, home sales grew twice as fast in the areas with the lowest risk of natural hazards, compared to the highest. While affordability and job availability are still the main drivers of sales, the chances of wildfires, flooding, and hail still give buyers pause.

The riskiest counties that were analyzed were located in Oklahoma (tornadoes), California (wildfires), and Florida (hurricanes). The most tranquil counties are in Wisconsin and Maine.

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