How do buyers and sellers adapt to the changing physical landscape? Our Broker | REALTOR® and one half of The Woolf Team, Patty Woolf, breaks it down for us.
Resilience is defined as the capacity to recover from difficulties; toughness. As it specifically relates to social communities, resilience is the ability of a system or community to survive disruption and to anticipate, adapt, and flourish in the face of change.
Tacking onto the blog from last week about natural disasters and the cost to rebuild, it makes sense to talk about how adapt to these costly disasters in the first place. Setting aside climate change as a politically-charged debate topic, industry leaders are building climate change into their five, 10, and 100-year plans. It is having an impact on the housing industry accept it or not. The hot topic is resilience and it has everything to do with property values, insurance rates, and population movement. At its core, resilience in housing starts with location, location, location. Not a shock; people don’t want to buy homes in locations that are…
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