California wildfire victims will face unique challenges finding new housing [MarketWatch]
CORELOGIC (CLGX)
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Source: MarketWatch
California wildfire victims will face unique challenges finding new housing With tens of thousands of people displaced by the wildfires burning across California, many will be scrambling to find new housing. And they’ll have to contend with a housing market with high costs and little inventory, making their recovery all the more difficult. The Camp Fire burning in Northern California has destroyed 9,700 homes, including the entire town of Paradise, displacing some 52,000 people as of Thursday evening. And with the fire only partially contained, more homes could be at risk. Meanwhile, the Woolsey Fire in Southern California has displaced more than 250,000 and destroyed scores of homes, including those owned by celebrities such as actor Gerard Butler and Miley Cyrus. All told, the fires have killed 66 people , with more than 600 still missing. According to estimates from CoreLogic, more than 23,000 homes were damaged by the wildfires, representing roughly $8.6 billion in total reconstru
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