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Analysis

More People Are Moving Into High-Drought Areas

There’s a question of how long continued development is possible.

There’s a picture of the brave people who go into clear danger, and everyone should be thankful for police, fire, and other emergency workers. But how do you classify many who go into areas that are in fundamental ways dangerous, like ongoing droughts? Like consumers.

A Redfin analysis says that in many areas experiencing heavy levels of drought, more people are moving in than out, with “74% of U.S. metros with more than half of homes facing intense drought saw more people move in than out this year.” Those homes, in 34 out of 129 analyzed metros, represent about $17 trillion in collective value, or a 42% jump from a year ago.

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Erik Sherman

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