Wildfires don’t hurt hot real estate markets

Posted by Staff Reporter on Oct 04, 2018 04:16 PM EDT
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(Photo : Pixabay | skeeze)

More people than ever want to live on the wild edges of Western cities, despite the risk wildfires pose to their homes. A recent study by researchers at the University of Nevada, Las Vegas, found that wildfires drive down real estate prices only in the immediate aftermath of a disaster. Home prices in burned areas typically rebound to pre-fire levels within one to two years.

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