Amenity

The desire to be closer to nature  was accelerated during the Covid-19 pandemic as people spent more time at home. “People continue to move to places where the environment—such as oceanfront—is considered an amenity,” says Timothy Judge, head of modeling and chief climate officer at Fannie Mae. “The problem is, it also puts you in some of the higher-risk areas.”

Many move to climate-vulnerable areas for economic reasons. Despite strong growth in value in recent years, homes in Arizona and parts of Florida are much cheaper than in California and the Northeast—places from which many transplants are departing.
–Barron’s