Thursday, September 20, 2018

Home Prrice Appreciation in Highest-Risk Natural Hazard Cities 1.7 Times the Overall Market Rate over Last Decade, Finds ATTOM Data Solutions

Daren Blomquist

IRVINE, CA,  Sept. 20, 2018 — ATTOM Data Solutions, curator of the nation’s premier property database, today released its 2018 U.S. Natural Hazard Housing Risk Index, which found that median home prices in cities with the top 80th percentile for natural hazard housing risk have appreciated 40 percent on average over the last 10 years — 1.7 times the 24 percent home price appreciation in the overall U.S. housing market during the same time period.

For the report ATTOM indexed natural hazard risk in more than 3,000 counties and more than 22,000 U.S. cities based on the risk of six natural disasters: earthquakes, floods, hail, hurricane storm surge, tornadoes, and wildfires. 

ATTOM also analyzed housing trends in 2,616 cities and 440 counties — containing more than 53 million single family homes and condos — broken into five equal quintiles of natural hazard housing risk (see full methodology below).

“While combined natural disaster risk has not seemed to hobble home price appreciation over the past decade, the story is much different for some individual hazard risks — namely flood, hurricane storm surge and wildfire risk,” said Daren Blomquist, senior vice president at ATTOM Data Solutions. 

“Home price appreciation in the overall U.S. housing market was double the rate of appreciation in cities with the highest flood risk and triple the rate of appreciation in cities with the highest hurricane storm surge risk over the past 10 years. 

"The broader market has also outperformed appreciation in cities with the highest wildfire risk during the last decade, although the gap is much narrower.”

Overall Natural Hazard Risk Category
Housing Metric
Very Low
Very High
Grand Total
Number of Cities
Single Family Homes & Condos
Average Home Value
Average Property Age (Years)
Average Property Tax
Average Property Tax Rate
Average Foreclosure Rate
Avg Pct Seriously Underwater (LTV 125+)
Average Homeownership Tenure
Average 2018 Median Sales Price
Average Premium/Discount to Market Value
Average of 1-Year HPA
Average of 5-Year HPA
Average of 10-Year HPA

Foreclosure rates elevated in highest-risk flood cities
Foreclosure rates were lower in cities in the top 80th percentile for natural hazard housing risk, and this was true for all individual natural hazard risk types except for flood risk. In cities in the top 80th percentile for flood risk, active foreclosures represented 0.61 percent of all properties, well above the foreclosure rate of 0.38 percent across all risk categories.

“Weather is the largest external swing factor in U.S. economics and accounts for over $550 billion per year in lost revenue and up to 76,000 lost jobs,” said Mark Gibbas, president and CEO at WeatherSource, a technology company that provides global weather and climate data along with advanced analytics. 

Mark Gibbas
“Weather can have an enormous impact on homeowners and the housing market.  When big weather events such as hurricanes, tornados and hail hit, many homeowners suffer financial hardship from various sources such as lost wages and losses due to inadequate insurance. 

"And while the impact on homeowners can be severe, hurricanes like Harvey can change the landscape of the housing market region wide, including shifts in the number of available homes and shifts in home values.” 

Cities with the highest flood risk also posted seriously underwater rates (loan-to-value ratio of 125 percent or higher) above the overall market average — 8.9 percent of all homes with a mortgage compared to 8.5 percent nationwide. 

Tornado risk was the only other individual natural hazard risk factor with seriously underwater rates above the market average in the highest risk cities — 10.0 percent of all homes with a mortgage.


Christine Stricker Sr.
Marketing Manager, Projects
Office: 949.748.8428

Lantana@Beach and The Village@Beach to Bring New Homes and Retail to North Orange County, CA

 Rendering of Lantana @Beach by Robert Hidey Architects
(208 planned new residences)

STANTON, CA (Sept. 20, 2018) – Brookfield Residential and Frontier Real Estate Investments have started construction of Lantana @Beach and The Village @Beach, a joint mixed-use development bringing much-needed new homes and shopping to north Orange County.

Lantana @Beach and The Village @Beach – at Beach Boulevard and Garden Grove Boulevard in Stanton – transforms 10 acres of former retail uses into approximately 95,000 square feet of new shops and restaurants, and adds 208 for-sale residences on 12 acres.

The development helps uplift a north Orange County area ripe for revitalization and lacking in attainable, for-sale homes.

Rendering of The Village @Beach, by Frontier Real Estate Investments.

Frontier, a privately-held commercial real estate investment and development firm, plans a complete overhaul of the prior retail center’s architecture, landscaping and gathering spaces.

Leasing activity has been strong, with many well-known retailers and restaurants expressing interest in being a part of the new development.

Groundbreaking is Sept. 20, with both Lantana @Beach and The Village @Beach expected to have their grand openings in fall 2019.

Dan Almquist
 “This center enjoys pride of place at the official entry point to Stanton and serves the growing Stanton and Garden Grove residential and workforce markets — both of which have been under-served when it comes to retail and restaurants in the area,” said Dan Almquist, Managing Partner of Newport Beach-based Frontier Real Estate Investments. 

“Our goal in redeveloping The Village @Beach is to create a destination that encourages guests to visit frequently, discovering new aspects of the center each time.”

Thanks to Frontiers well-established relationships in the industry and deep-rooted experience creating mixed-use retail projects that transform and unite communities, several regionally and nationally known businesses already have signed on to become a part of The Village @Beach.

While some deals are still pending, Frontier is proud to announce that Planet Fitness, Chase Bank, In-N-Out Burger and Raising Canes are confirmed. In addition, two of the current tenants, SunCoast Hearing Aids and Repair as well as a dental office will remain to continue to serve the community.

Brookfield Residential, a leading North American land developer and homebuilder, (with offices in Costa Mesa) is developing the adjacent 12 acres of 208 homes in two new neighborhoods at Lantana @Beach. The retail and residential components will have cross-access for residents, creating a true “live, shop, dine” environment.

John O'Brien
The new attached homes will range from approx. 730-1843 sq. ft. and offer 1-3 bedrooms. Thoughtful home designs by award-winning Robert Hidey Architects include smart floorplans with great space for everyday living and entertaining, including patios and decks.

Motor courts, interior courtyards and walkways will connect residents with community amenities and with The Village @Beach’s shopping and restaurants. 

The neighborhood will have a gated entry. Amenities include a private pool with a restroom building and outdoor party and barbecue space, plus a second area with tot lot, seating and barbecues.

Prices are expected to range from the low $400,000s to $600,000s, making Lantana @Beach the most attainable, market-rate new-home community in north Orange County.

“We’re excited to partner with Frontier Real Estate Investments to bring life, energy and the opportunity for new home ownership to the families of Stanton, Garden Grove and nearby communities,” said Brookfield Residential Vice President of Housing John O’Brien. 

Stanton Mayor
David J. Shawver
“We worked closely with Frontier to create a place of fresh possibilities that also connects to the desirable employment, culture and recreation that surrounds Lantana and The Village @Beach. Everything needed is near this attractive new neighborhood that is also a place to disconnect and relax.”

Broad support for the joint infill development and its neighborhood improvements includes that of Stanton Mayor David J. Shawver.

Stanton is thrilled to welcome Lantana @Beach and The Village @Beachand its many well-known tenants, to our community,” said Mayor Shawver. “This reinvigorated center is sure to become a popular destination in our city and will provide the exceptional retail services and restaurants that the members of our community deserve.”

Brookfield Residential Southern California (Los Angeles and San Diego), as a division of Brookfield Residential, is committed to being more than a homebuilder. We strive to create the best places to call home. 

Robert Hidey
Brookfield Residential Properties Inc. is the flagship North American residential property company of Brookfield Asset Management, a leading global alternative asset manager with approximately $250 billion of assets under management. 

Based in Southern California, with offices in Newport Beach and Torrance, Frontier Real Estate Investments ( is a privately held commercial real estate investment firm known for its entrepreneurial and innovative approach to development. 


For Frontier Real Estate Investments: Carrie Williams
Kitchen Table PR

Jordan Kruk
Kitchen Table Marketing + PR

For Brookfield Residential: Jack Skelley
310-490-4220 or