14min chapter

America Adapts the Climate Change Podcast cover image

ICR24: Innovations in Climate Resilience Conference hosted by Battelle

America Adapts the Climate Change Podcast

CHAPTER

Community Resilience and Home Buyer Behavior

The chapter explores a study on how community resilience to climate and disasters influences home buyer behavior and prices, revealing a premium on resilience regardless of risk levels. Various factors contributing to this value on resilience are discussed, such as human bias in risk assessment and preferences of individuals concerned about risk. The concept of resilience is further analyzed through the University of South Carolina's resilience index, highlighting the importance of specific indicators in measuring community resilience.

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