For many people, a home is their largest asset and as natural disasters become more common, keeping it and themselves safe is an increasing concern. A new survey from Realtor.com® found that 78% of recent home buyers took natural disasters into account when choosing the location of their new home. The survey also found that 62% of homeowners are concerned about the threat of natural disasters, and that number was even higher for recent home buyers (75%) and among millennials (72%).
The results aren’t surprising, given that home is where we feel safe and secure and it’s natural to want to protect it and our families. For many, when disaster does strike, the pain of losing that home can feel overwhelming.
To bring help and hope to those impacted by disasters, Realtor.com has donated $200,000 to the REALTORS® Relief Foundation, a charitable organization dedicated to providing housing-related assistance to victims of disasters.
“Natural disasters can have enormous impacts on communities and homeowners, and with increased frequency and intensity of weather-related events, National Preparedness Month is a good reminder of how important it is to be prepared. Our mission is to help bring people home, but it’s also about helping people when their home is damaged or lost after disaster strikes, which is why Realtor.com® recently made a commitment to help aid in disaster response efforts.” – Realtor.com Chief Marketing Officer Mickey Neuberger
The REALTORS® Relief Foundation is administered by the National Association of REALTORS®, which covers 100 percent of RRF’s administrative costs so that every dollar donated goes directly to disaster relief efforts.
September also marks National Preparedness Month, which is a good reminder about how important it is to prepare ourselves and our homes for unplanned events and emergencies.
To help buyers make good home buying decisions and increase awareness about a home’s flood risks, which are among the most common and costly disasters in the U.S., Realtor.com® was the first listing portal to include flood risk information on for-sale and off-market properties.
Flood risk data available on Realtor.com
As of August 2020, all properties on Realtor.com® display a Flood Factor® – developed by the First Street Foundation – with a score between one (minimal risk) and 10 (extreme risk) that represents a property’s cumulative risk of flooding over a traditional 30-year mortgage. Over the past year, site users have viewed flood information on Realtor.com® more than 150 million times. The feature is heavily viewed on properties in hurricane-prone states like Florida and Texas, as well as in states all along the eastern seaboard.
Through tools like Flood Factor® that help people better assess flood risks to neighborhoods and homes, and by supporting programs like the REALTORS® Relief Foundation, Realtor.com is helping you to better prepare and protect your home and also bring hope when disaster strikes.