Wildfires Put $25B Of Southern California Housing At Extreme Risk

 Thursday, October 12, 2017

 The Orange County Register

Wildfires like Canyon 2 that has scorched parts of Anaheim, Orange and Tustin are why Southern California is home to two of the nation’s riskiest housing markets for wildfires. Real estate tracker CoreLogic a year ago reported the Inland Empire had the most homes in the nation among metro areas located in extreme risk areas with 51,775. The 18,777 homes in Los Angeles and Orange counties ranked fifth. Sacramento (41,937), Denver (33,226) and Austin (19,554) ranked in between. To find risk levels, CoreLogic compared its database of property ownership and values with statistics on the varying chances of wildfire damage hitting individual properties.