Although the 2019 wildfire season was less destructive than previous years, the 2019 fires and fires from previous years have had a large impact on real estate and insurance industries. Some homeowners in high-risk areas have seen loss of coverage, while others are experiencing extremely high insurance premiums. Potential homebuyers for homes in high-risk areas are being denied coverage or are backing out of purchases due to the high premiums. As wildfire frequency and intensity escalates in California, concern for the real estate market grows.
https://www.redzone.co/wp-content/uploads/2020/02/kincade-fire-sonoma-co-sheriff-e1581035968672.jpeg 200 525 Shannon Bourke https://www.redzone.co/wp-content/uploads/2019/07/rzlogo-new.png Shannon Bourke2020-02-06 18:47:142020-02-07 10:32:14Real Estate in California Struggling Due to Wildfire Risk