I5 Housing Markets With the Highest Risk of Burning

October 16, 2019
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Photo by Sergio Torres on Unsplash

Climate change deniers may dismiss global warming’s contribution to the spread of wildfires, but younger generations probably won’t when they consider where to buy a home.

CoreLogic cross tabulated the number of single-family and multifamily residences at risk of wildfire damage with reconstruction costs and associated losses. Then it ranked the 15 most-at-risk metro areas with the highest wildfire reconstruction costs.

Wildfires burned 8.8 million acres of land in 2018 alone — the sixth-highest total on record since the mid-1900s. In addition, the annual average of acres burned between 1970 and 1999 has more than doubled between the turn of the century and the present day. While all states face some risk of wildfire, that risk is highest for the 13 most westerly states, which are the most often affected. California led in total acreage burned last year with over 1.8 million, followed by Nevada's 1 million and Oregon's 897,262.



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