STAMFORD, Conn.--(BUSINESS WIRE)--As the impacts of intensifying climate and environmental risks continue to be felt across the nation, many of 2023’s predicted hottest real estate markets could expose individuals to unexpected hazards.
AreaHub™, a one-stop platform for local climate and environmental hazard information, today released this year’s housing market report, “Climate and Environmental Concerns in 2023's Hottest Housing Markets.” The report highlights the top hazards for the most popular markets, as ranked by Zillow®:
- All of the hottest housing markets have moderate air quality levels (AQI > 50) at best.
- Multiple brownfields can be found within a 5-mile radius of all the hottest housing markets in 2023. Brownfields are abandoned or unused properties that may be contaminated.
- Oil, gas, or fracking wells can be found near 40% of the hottest housing markets in 2023.
- 70% of the hottest housing markets in 2023 have at least one Superfund site nearby, which are heavily contaminated sites that are deemed dangerous to the environment and people.
- Half of the hottest housing markets in 2023 are at moderate risk or worse of potentially destructive tornadoes.
- 40% of the top cities in 2023 are located in counties with elevated average indoor radon, a naturally occurring invisible gas that is a leading cause of lung cancer.
As climate and pollution threats increase across the U.S., a majority of U.S. homeowners say climate change resiliency is a priority. Nearly 60% say they invested in making their homes more resilient to climate threats, according to a Redfin survey. Identifying a home's climate and environmental risks before purchasing can give homebuyers peace of mind and allow them to anticipate future upgrades.
AreaHub provides instant access to the most extensive environmental snapshot of any area in the U.S. The searchable platform produces science-based, consumer-friendly reports, insights, and solutions across two dozen of the most important risks homeowners face in our changing environment.
“In a world with a rapidly changing climate and increased environmental risks, we need reliable information about potential local hazards,” said Alison Gregory, AreaHub Co-Founder and CEO. “Climate issues are becoming increasingly frequent and impactful. In 2022, damages from natural disasters totaled about $165 billion in the U.S., according to NOAA. These climate issues may also exacerbate an area’s pollution risks, such as if a contaminated site leaked toxic or hazardous chemicals due to flooding or wildfires.”
In addition to free insights, AreaHub is introducing a new option targeted toward homebuyers. This one-time report purchase provides address-specific information, more hazard categories, and upgraded access to details such as storm paths and hazard locations.
AreaHub continues to offer a premium subscription that provides ongoing extensive reports and monitoring of weather alerts and hazard notifications for concerned consumers. For businesses, AreaHub offers an enterprise version with expanded capabilities.
To access AreaHub’s 2023 housing market report, please click here, and to learn more about AreaHub, please visit AreaHub.com.
AreaHub offers climate and environmental hazard information through the aggregation of data about natural, environmental, pollution, and other industrial hazards that can impact health, safety, and/or property values. By leveraging their managerial, data processing, and startup experience, the co-founders launched AreaHub to help people and businesses make healthier and wiser decisions with clearly presented, scientific, and locally relevant information. For more information, visit AreaHub.com or follow AreaHub on Instagram, LinkedIn, TikTok, Facebook, and Twitter.