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Wildfires

Older homes for sale in California now come with wildfire warnings

Climate Change, Wildfires /

Most California homes were built long before the state required that they be constructed to withstand wildfires. Now, sellers of older homes in high-risk areas must disclose to potential buyers not only a dwelling’s susceptibility to fire but what they’ve done to address those vulnerabilities. As climate change intensifies natural disasters, states across the US have been mandating […]

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How big is the wildfire risk in the Western housing market?

Housing Inventory, Housing markets, REALTORS & HOMEBUILDERS, Servicing, Wildfires /

Lenders, homeowners and servicers are facing a massive wildfire risk in the Western U.S. that extends beyond the initial burn. Insurance woes, inflationary pressures and contractor shortages are weighing on affected mortgage holders, according to Cotality’s 2025 Wildfire Risk Report. The assessment found nearly 2.6 million homes at moderate or greater risk of wildfire damage

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Senators propose natural-disaster mortgage relief bill

Climate Change, Politics and policy, Servicing, Wildfires /

Lawmakers from two wildfire-stricken states put forth a new Senate bill that would mandate mortgage relief for homeowners in the aftermath of natural disasters.  Sens. Adam Schiff, D-Calif. and Michael Bennet, D-Colo. introduced the Mortgage Relief for Disaster Survivors Act this week aimed at alleviating homeowners’ financial hardship after an extreme weather event. The bill

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California is running out of safe places to build homes

California, Homeowners insurance, Property and casualty insurance, Wildfires /

(Bloomberg) –California, gripped by a housing shortage that is forcing families from the state, wants to build 2.5 million homes. But it’s running out of safe places to put them. Much of the land best suited for new housing — wind-swept, grassy hills surrounding the state’s major cities — now faces an extreme threat of wildfire, brutally illustrated by the Los

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