RISMedia
  • News
  • Premier
  • Reports
  • Events
  • Power Broker
  • Newsmakers
  • More
    • Publications
    • Education
No Result
View All Result
  • Agents
  • Brokers
  • Teams
  • Marketing
  • Coaching
  • Technology
  • More
    • Headliners New
    • Luxury
    • Best Practices
    • Consumer
    • National
    • Our Editors
Join Premier
Sign In
RISMedia
  • News
  • Premier
  • Reports
  • Events
  • Power Broker
  • Newsmakers
  • More
    • Publications
    • Education
No Result
View All Result
RISMedia
No Result
View All Result

Drought Imperils Second-Home Markets, Prices

Home News
March 4, 2015
Reading Time: 3 mins read

By Curtis Seltzer

RISMEDIA, Oct. 31, 2007-At least with a flood, Noah could escape on an ark. With drought, he would have been stuck in the mud.

Drought has beset more than one-third of the U.S. in 2007. Much of the West continued its decade-long aridity, while parts of the Southeast-from Mississippi to Virginia-experienced extreme drought.

Global warming will increase precipitation in some places and drought in others.

Warmer air causes faster evaporation over land, which, with other factors, leads to drought. And once in drought, it’s hard to break the warm-dry cycle.

Average annual temperatures are increasing across the continental U.S., shifting warmer climates north. Average U.S. annual temperatures are expected to rise from 5 to 9 degrees fahrenheit during this century.

Drought is now embedded at the two ends of the Sunbelt-the Southwest and the Southeast. Columbia and Princeton University researchers recently projected a century-long drought in the Southwest.

Decreased precipitation is also predicted for the lee of the Rocky Mountains, Oklahoma panhandle, North Texas, eastern Colorado and western Kansas.

But even where precipitation is projected to increase, warmer temperatures will
increase the rate of evaporation. One study suggested that higher evaporation rates will outpace precipitation gains in many areas, resulting in dry conditions.

Drought predictions for a particular state or even region get more and more iffy the further into the future they are made. But short-term predictions-the next six months-are reasonably good; go to the National Weather Service’s Climate Prediction Center at http://www.cpc.ncep.noaa.gov/.

With drought come water conflicts, reduced agricultural production, degraded water recreation, water-quality problems, higher prices and greater fire hazards. Fires covering several hundred thousands of acres are now common in the West.

The annual economic cost of drought-estimated at $6-8 billion in 2000– typically exceeds those of hurricanes and floods.

Warming temperatures-and even more certainly drought–will change what farmers plant where, the types of forests that grow in different places and second-home patterns.

If drought were to persist in the Southeast, for example, water constraints would limit growth and development across the board-in cities, suburbs and second-home communities.

If the Sunbelt gets hotter and drier, markets for retiree housing and second homes will weaken and property values fall. The loss of recreational water in these states would be a harder blow over time than the occasional hurricane.

Several million Americans buy country property for second homes, investment and recreation each year. What should warming and drought mean to buyers of country property, particularly second homes?

Think about it. Factor warming and drought into where you look to buy. Water supply should now be a big part of a buyer’s location choices. Drought projections will not be pinpoint accurate, but they may help you find states that seem to be less prone to drought.

Avoid places with chronic drought and water shortages. Where agriculture already depends on irrigation, look elsewhere.

No place is immune, but some places are likely to be more water-dependable than others. Look from Minnesota east to Maine, south to the upper Ohio River Basin. Look higher in watersheds. Look where it’s now cold and wet.

Look at country in and around…dare I say it…the Rust Belt.

Design defensively. Landscape against fire and for water conservation. Use rain barrels. Excavate a deep pond near your house. Make sure fire trucks can get to your place and turn around. Consider a waterless toilet for emergency use.

Store water for those non-rainy days. Catch water in a roof-fed cistern. Build emergency water supply in plastic tanks that can gravity-feed your house. Add one or two storage tanks into your normal water-supply system.

Conserve. While I hate low-flush toilets are much as the next guy, economical water use makes sense. It’s painless and saves money too.

For more information about emergency preparedness, visit http://www.ready.gov/.

Thinking about drought doesn’t guarantee immunity, but it may improve your odds of staying wet.

National drought maps showing impacts, stream flow, soil moisture, vegetation health and daily fire danger are at http://www.drought.unl.edu.

Curtis Seltzer, land consultant, is author of How To Be a DIRT-SMART Buyer of Country Property at www.curtis-seltzer.com.

ShareTweetShare
Paige Tepping

Paige Tepping

As RISMedia’s Managing Editor, Paige Tepping oversees the monthly editorial and layout for Real Estate magazine, working with clients to bring their stories to life. She also contributes to both the writing and editing of the magazine’s content. Paige has been with RISMedia since 2007.

Related Posts

Talking Shop: Attainable Luxury and the Evolving High-End Market
Industry News

Talking Shop: Attainable Luxury and the Evolving High-End Market

September 5, 2025
The Anatomy of a Failure
Industry News

The Anatomy of a Failure

September 5, 2025
Twenty-Five Years of Giving 100% to Agents
Agents

Twenty-Five Years of Giving 100% to Agents

September 5, 2025
Forbes Global Properties Announces Amsterdam Agency DSTRCT Real Estate Has Joined Its Network
Industry News

Forbes Global Properties Announces Amsterdam Agency DSTRCT Real Estate Has Joined Its Network

September 5, 2025
KW GO Network Launches Creative Studio
Industry News

KW GO Network Launches Creative Studio

September 5, 2025
Senate Committee Holds Hearing for Fed Governor Nominee
Industry News

Senate Committee Holds Hearing for Fed Governor Nominee

September 5, 2025
Tip of the Day

AI as Your Sidekick: Keepin’ It Real in Real Estate

Everyone is talking about AI. It’s in your inbox, your newsfeed, probably even your group chat. If you’re feeling a little AI-fatigued, you’re not alone. But don’t roll your eyes just yet. Read more.

Business Tip of the Day provided by

Recent Posts

  • Talking Shop: Attainable Luxury and the Evolving High-End Market
  • The Anatomy of a Failure
  • Twenty-Five Years of Giving 100% to Agents

Categories

  • Spotlights
  • Best Practices
  • Advice
  • Marketing
  • Technology
  • Social Media

The Most Important Real Estate News & Events

Click below to receive the latest real estate news and events directly to your inbox.

Sign Up
By signing up, you agree to our TOS and Privacy Policy.

About Blog Our Products Our Team Contact Advertise/Sponsor Media Kit Email Whitelist Terms & Policies ACE Marketing Technologies LLC

© 2025 RISMedia. All Rights Reserved. Design by Real Estate Webmasters.

No Result
View All Result
  • Home
  • Premier
  • Reports
  • News
    • Agents
    • Brokers
    • Teams
    • Consumer
    • Marketing
    • Coaching
    • Technology
    • Headliners New
    • Luxury
    • Best Practices
    • National
    • Our Editors
  • Publications
    • Real Estate Magazine
    • Past Issues
    • Custom Covers
  • Events
    • Upcoming Events
    • Podcasts
    • Event Coverage
  • Education
    • Get Licensed
    • REALTOR® Courses
    • Continuing Education
    • Luxury Designation
    • Real Estate Tools
  • Newsmakers
    • 2025 Newsmakers
    • 2024 Newsmakers
    • 2023 Newsmakers
    • 2022 Newsmakers
    • 2021 Newsmakers
    • 2020 Newsmakers
    • 2019 Newsmakers
  • Power Broker
    • 2025 Power Broker
    • 2024 Power Broker
    • 2023 Power Broker
    • 2022 Power Broker
    • 2021 Power Broker
    • 2020 Power Broker
    • 2019 Power Broker
  • Join Premier
  • Sign In

© 2025 RISMedia. All Rights Reserved. Design by Real Estate Webmasters.

X