California Fires: Impact to Los Angeles Housing Market

The wildfires around Los Angeles have caused an incredible amount of damage and heartbreak with over 12,000 structures completely destroyed. As of Tuesday, January 14, fires have burned approximately 40,000 acres with nearly 200,000 residents under either mandatory evacuation orders or evacuation warnings.

With the primary focus being to contain Los Angeles wildfires, let’s have a look at where the Los Angeles housing market stands right now and how the LA fires may impact the local housing market including what appears to be price gouging.

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