Redfin, Seattle, reported that $51.7 billion in homes in Los Angeles–amounting to about 11,000 residential properties–were impacted by January’s Palisades fire.
Tag: Fire Risk
Home Building Increases in Disaster-Prone Areas
More than half of homes built today face fire risk, compared to 14% of homes built from 1900 to 1959, as suburbanization and a shift to the Sun Belt push builders into more vulnerable areas, said Redfin, Seattle.
More Homebuyers Flock to Climate Risky Areas, Despite Intensifying Natural Disasters
Wildfires? Floods? Other natural disasters? “Bring it on,” homeowners seem to be saying.
Redfin: Homes with High Fire Risk Sell for More as Americans Flock to Fire-Prone Areas
Redfin, Seattle, said its analysis of homes for sale in high fire-risk areas found the median sale price of U.S. homes with high fire risk was $550,500 in April, compared with $431,300 for homes with low fire risk—a difference of nearly $120,000.