Crime, Natural Disasters Rank Among Top Reasons For Moving -- Market Talk

Dow Jones2024-11-20

1038 ET - Crime was a reason given by 18% of home hunters planning to move in the next year. That and safety/climate risks ranked above lower property taxes, family changes, and higher school ratings, according to Redfin. Nearly one in seven--13.7%--of home hunters say a concern for natural disasters or climate risks in their area is a reason they are likely to move, according to the real estate brokerage. A desire for more space--31.2%--topped the list of reasons people are considering moving, followed by wanting to upgrade to a better home or neighborhood, and wanting to seek a lower overall cost of living. Women were more likely than men to cite a concern for safety/crime as a reason for moving in the next year. Men were more likely than women to cite a concern for climate risks, Redfin says. (chris.wack@wsj.com)

(END) Dow Jones Newswires

November 20, 2024 10:38 ET (15:38 GMT)

Copyright (c) 2024 Dow Jones & Company, Inc.

Disclaimer: Investing carries risk. This is not financial advice. The above content should not be regarded as an offer, recommendation, or solicitation on acquiring or disposing of any financial products, any associated discussions, comments, or posts by author or other users should not be considered as such either. It is solely for general information purpose only, which does not consider your own investment objectives, financial situations or needs. TTM assumes no responsibility or warranty for the accuracy and completeness of the information, investors should do their own research and may seek professional advice before investing.

Comments

We need your insight to fill this gap
Leave a comment