California’s wildfires will push home prices even higher
Source: Realtor.com
Deadly wildfires have always been a fact of life for Californians. But over the
past few years they've caused unprecedented devastation—with this year becoming
the worst wildfire season on record. The fires are having a catastrophic impact
on lives and businesses across the state.
And they're impacting the state’s housing market by pushing up prices in communities that have been ravaged by the infernos, in some cases dramatically. Areas like Napa and Sonoma Counties were already experiencing housing shortages, exacerbated by fires from previous years. Of course the exact areas devastated by fires lose a lot of their value, and it takes time to regain those values. But all around is a different story. See the article here.
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