What Will Happen To The Housing Market and Insurance After the Los Angeles Wildfires

Douglas McIntyre, editor-in-chief at Climate Crisis, discussed the devastating impact of the LA wildfires on the local real estate market. Burned areas are expected to remain uninhabitable for years, with high or unavailable home insurance further deterring buyers. Without insurance, obtaining mortgages becomes impossible, driving property values down in affected areas. Conversely, real estate demand and prices may surge in safer zones where insurance is accessible.