HOUSINGNEWS REPORT
MARKETS WITH MOST ENVIRONMENTAL HAZARD RISKS
2017 ENVIRONMENTAL HAZARD HOUSING RISK INDEX RISK INDEX -91 497
Median home prices in zip codes in the top environmental hazard risk quintile increased 7.4 percent from a year ago on average (compared to 7.1 percent increase nationwide); increased 57.1 percent from 2012 (compared to 51.1 percent increase nationwide); and increased 22.2 percent from 2007 (compared to 12.3 percent increase nationwide). “With housing inventory in short supply, even homes in higher-risk zip codes for environmental hazards are in high demand from buyers looking for lower-priced properties and investors looking for the next up-and-coming neighborhood,” said Daren Blomquist, senior vice president with ATTOM Data Solutions. “Buyer demand does seem to have a bit of a limit when it comes to environmental hazards, however. Homes in zip codes with superfunds on the EPA’s national priority list have seen weaker home price appreciation and have higher foreclosure rates than the overall housing market.”
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“With housing inventory in short supply, even homes in higher-risk zip codes for environmental hazards are in high demand from buyers looking for lower-priced properties and investors looking for the next up- and-coming neighborhood.”
DAREN BLOMQUIST SVP, ATTOM DATA SOLUTIONS
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MARCH 2018 | ATTOM DATA SOLUTIONS
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