Wisconsin has emerged as a prime location for homebuyers due to its affordability, solid job prospects, and lower risk of extreme weather events. Four of the top housing market areas recently highlighted show lower unemployment rates than the national average, alongside costs that are easier to manage for homeowners. Amid increasing concerns over climate change and related risks, many Americans are expected to relocate to the Midwest, which provides a more resilient environment against these hazards. The attractive combination of lower living expenses and minimal climate threats makes Wisconsin particularly appealing.
The Midwest is not only the most affordable for homebuyers but also has a lower risk of extreme weather events, making it an attractive option for relocation.
As home shoppers look to minimize housing costs and the risk of unexpected expenses, recent weather events, such as the devastation from wildfires in Southern California and from hurricanes in Florida and North Carolina, are top-of-mind.
Nationwide, more than 2 in 5 homes confront at least severe or extreme exposure to at least one of the climate risks accounted for in the report.
More than 55 million Americans will 'voluntarily relocate' within the U.S. to areas less susceptible to climate risks by 2055.
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