California's Housing Market Isn't Moving—and the L.A. Wildfires Are Adding to a Growing Problem
California real estate has seen unprecedented losses because of the Los Angeles wildfires —but even before the fires, the Golden State's housing market had taken hit after hit. Homes are staying on the market an average 46 days in California in 2024, the same as in 2023, according to Realtor.com®.
Where the Los Angeles housing market stands and where the wildfires could take it
The wildfires in Los Angeles have caused unspeakable damage, heartbreak and loss of life. While the current focus is rightfully on containing the blazes and protecting residents, data from Altos Research shows an area with expensive housing,
The Palisades and Eaton fires destroyed or damaged more than 8,500 homes in an already tight housing market. Experts said the ...
In the wake of the fires, countless L.A. residents are displaced. Many are either left with the daunting task of finding a ...
With inventory reduced and fire risk increased, both home prices and insurance rates could rise in Southern California.
Prices are now 1.5% off their all-time high in July, but some economists say prospective home buyers and sellers shouldn’t ...
In Beverly Hills, the median sales price of a single-family home was up 21.1% to $8.4 million, and sales were up 70% to 46.
Communities that have seen homeownership rates rise may struggle amid more competition for available housing and rising ...
The wildfires have destroyed more than 12,000 structures, and a Southern California housing shortage that was already serious ...
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