CA Wildfires' Impact on L.A. Housing

The ongoing wildfires will have a lasting impact on our local housing market—particularly in terms of affordability and insurance costs. Buyers and renters should expect increased competition and higher prices, especially in the city and valley core. For new buyers, this is compounded by the challenge of obtaining homeowners insurance.

Buyers may face tougher underwriting standards, additional requirements, and, of course higher prices. If you’re already a homeowner with insurance, you’re not immune to these changes. Today, I discuss how changes in the insurance market will affect all sides of the housing market.