Wildfires and the California Housing Market

Some back-door data on the California real estate market via rebuilding statistics from the 2007 wildfires in southern California. A year later, only 150 homes out of the 1,646 burned -– roughly 9% -– have been rebuilt. While it looks we will make it to at least 36% before too long, a surprisingly large number of people are simply dropping out of the housing market.

The issues? Manifold, but too little insurance to build in price-inflated California is right up there.

More here.

Related posts:

1. Housing Sucks There. There Too. And There. But California is Good.
2. PF. Chang’s and the Housing Market
3. California State Revenues: Into the Housing Abyss
4. Hacking California Wildfires: Pipes/CHP/Twitter
5. San Diego Wins Housing Sweepstakes