Older Americans More Likely to Move to Disaster-Prone Areas -- Market Talk

Dow Jones12-16

1005 ET - Americans over the age of 65 are buying homes in climate-risk areas more often than younger buyers. Last year, 36.9% of seniors' purchases were in high heat risk zones compared to 32.3% for under-35s, with higher percentages also in flood--13.3% versus 9.8%--and fire risk areas--3.7% versus 2.6%. Popular retirement spots like Arizona and Florida, while appealing for their climate and tax benefits, face severe climate threats like heat, drought, hurricanes, and rising seas. These risks are increasing costs like insurance and property taxes. Younger people lean towards urban centers, with remote work is changing this dynamic, boosting Sun Belt interest. Younger people say they will have to deal with the consequences of climate change for longer. (chris.wack@wsj.com)

(END) Dow Jones Newswires

December 16, 2024 10:06 ET (15:06 GMT)

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Last year, 36.9% of seniors' purchases were in high heat risk zones compared to 32.3% for under-35s, with higher percentages also in flood--13.3% versus 9.8%--and fire risk areas--3.7% versus 2.6%. <a href=\"https://laohu8.com/S/BPOPN\">Popular</a> retirement spots like Arizona and Florida, while appealing for their climate and tax benefits, face severe climate threats like heat, drought, hurricanes, and rising seas. These risks are increasing costs like insurance and property taxes. Younger people lean towards urban centers, with remote work is changing this dynamic, boosting Sun Belt interest. Younger people say they will have to deal with the consequences of climate change for longer. 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Last year, 36.9% of seniors' purchases were in high heat risk zones compared to 32.3% for ...</p>\n\n<a href=\"https://dowjonesnews.com/newdjn/logon.aspx?AL=N\">Source Link</a>\n\n</div>\n\n\n</article>\n</div>\n</body>\n</html>\n","isBrief":false,"type":0,"news_type":1,"symbol":"BK4079","symbol_name":"房地产服务","start_time":0,"source_url":"https://dowjonesnews.com/newdjn/logon.aspx?AL=N","article_id":"2491528690","we_media_id":"106","thumbnails":[],"rights":null,"url":"https://stock-news.laohu8.com/highlight/detail?id=2491528690","pubTimestamp":1734361560,"columns":[],"sourceInfo":null,"weMediaInfo":{"media_name":"Dow Jones","introduction":"Dow Jones publishes the world’s most trusted business news and financial information in a variety of media.","home_visible":0,"id":"106","head_image":"https://static.tigerbbs.com/150f88aa4d182df19190059f4a365e99"},"summary":"1005 ET - Americans over the age of 65 are buying homes in climate-risk areas more often than younger buyers. 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