Redfin Survey: Nearly One-Third of Young Adults Say Hurricane Helene Has Made Them Reconsider Where They Want to Live in the Future
Almost one-quarter of respondents overall expect insurance premiums in their area to increase after the storm
Redfin’s report is based on a commissioned survey conducted by Ipsos on
After making landfall in
“Scores of Americans flocked to the
It’s worth noting that many people say the storm hasn’t changed their perspective on where to live; 45% of overall respondents (and 40% of respondents in the South) said the news of Hurricane Helene hasn’t impacted how they think about their housing situation.
Nearly One-Quarter of Respondents Think Insurance Costs
Almost one-quarter (23%) of respondents overall expect insurance premiums in their area to increase after Hurricane Helene. The share was highest among respondents in the South (32%).
Nearly 1 in 7 (13%) respondents overall said they think it will be harder to get insurance for homes in their area after the storm. That share was also highest among respondents in the South (20%).
Many
|
Overall |
18-34 |
35-54 |
55+ |
Northeast |
Midwest |
South |
West |
||||||||
The news hasn’t impacted the way I think about my housing situation |
45% |
35% |
46% |
51% |
44% |
49% |
40% |
49% |
||||||||
I think it means insurance premiums will increase in my area |
23% |
18% |
22% |
28% |
23% |
18% |
32% |
15% |
||||||||
It has made me reconsider where I want to move in the future |
20% |
32% |
15% |
15% |
26% |
22% |
20% |
13% |
||||||||
I think house values in my area will increase given climate disasters are a lower risk here |
13% |
20% |
13% |
8% |
14% |
13% |
10% |
16% |
||||||||
I think it will be harder to get insurance for homes in my area |
13% |
11% |
15% |
12% |
6% |
8% |
20% |
10% |
||||||||
It makes me feel like renting is a better option for me than buying property |
9% |
14% |
13% |
4% |
9% |
8% |
9% |
12% |
||||||||
It has made me reconsider where I live now |
8% |
11% |
10% |
3% |
7% |
6% |
11% |
5% |
||||||||
I think it means house values in my area will fall |
5% |
9% |
4% |
4% |
7% |
6% |
4% |
4% |
||||||||
Another issue |
3% |
3% |
2% |
3% |
1% |
1% |
2% |
6% |
To view the full report, please visit: https://www.redfin.com/news/hurricane-helene-impacting-relocation-survey
About Redfin
Redfin (www.redfin.com) is a technology-powered real estate company. We help people find a place to live with brokerage, rentals, lending, title insurance, and renovations services. We run the country's #1 real estate brokerage site. Our customers can save thousands in fees while working with a top agent. Our home-buying customers see homes first with on-demand tours, and our lending and title services help them close quickly. Customers selling a home can have our renovations crew fix it up to sell for top dollar. Our rentals business empowers millions nationwide to find apartments and houses for rent. Since launching in 2006, we've saved customers more than
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View source version on businesswire.com: https://www.businesswire.com/news/home/20241007507296/en/
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Source: Redfin