The risk of natural disaster doesn't seem to dissuade home buyers. In fact, those regions where disasters occur may make them pay even more for their homes.
More than 10 million homes, or 8 percent of all U.S. housing units, are in "very high risk" counties for natural disasters, according to a new report from RealtyTrac, a real estate sales and data website. The report assessed the risk of hurricanes, tornadoes and earthquakes in more than 3,000 county housing markets nationwide. It did not factor in the risk of floods, wildfires or mudslides.
"The potential risk of a natural disaster may not be the first item on most home buyer checklists for a dream home, but prudent buyers will certainly take this into consideration along with myriad other factors that could affect home value," said Daren Blomquist, vice president at RealtyTrac.