Please wait as we prepare your PDF file ....

Mission Chronicle Blog

Search Blog

our goal is to help you stay informed by providing timely and interesting articles.

California fires threaten over 172K homes worth billions

10/11/2017

Download PDF

The wildfires ravaging Napa and Santa Rosa since Sunday night have put a total of 172,117 homes at risk that would take a staggering $65 billion to rebuild, according to a new report from CoreLogic.

corelogic fires

Courtesy of CoreLogic

The table shows the number of homes in each risk category — Low, Moderate, High and Extreme — based on CoreLogic’s Wildfire Risk Score (1-100) for the two metropolitan areas where five active fires still blaze.

“Although the majority of homes, 161,059, or 94 percent, are at Low or Moderate risk of damage, wildfire can easily expand to adjacent properties and cause significant damage even if a property is not considered high risk in its own right,” the report noted.

The state of California has approximately 9.1 million homes at some level of wildfire risk, according to CoreLogic. This topples $3.1 trillion in reconstruction cost value (RCV).

The RCV estimates consider geography, labor and materials in estimating the cost of rebuilding. The cost for total reconstruction does not account for homes with less than 100 percent damage; therefore, the analysis represents total and maximum risk rather than predicted loss.

How agents dominate with multichannel content marketing Win listings and overwhelm competition by mastering the art of social media, direct mail and email READ MORE

The fires have reportedly taken no less than 15 lives, and an intense drought and fast winds are only fueling the flames scorching 100,000 acres.

Email Britt Chester

Source: click here

Read More

INSPIRED, INTELLIGENT, INSIGHTFULL

STAY INFORMED WITH TIMELY AND INTERESTING ARTICLES FROM OUR BLOG, MISSION CHRONICLE. OUR ASPIRATION IS TO PROVIDE REALTORS AND OTHER REAL ESTATE INDUSTRY PROFESSIONALS WITH EXCEPTIONAL RESOURCES AND SHARE OUR KNOWLEDGE TO PROPEL YOU TO YOUR GOALS.

  • Inside Engel & Völkers’ virtual reality theater for home tours

    The moment I put on the Oculus Rift headset, I felt like I was inside one of Engel & Völkers’...

  • These U.S. counties rely on real estate tax breaks the most

    After House Republicans passed a bill in mid-November to overhaul the current tax code, the Senate ...

  • NAR directors surprised to learn Upstream not just for Realtors

    Who should Upstream be for? That’s the question at the heart of a discrepancy Inman has unco...

  • 5 things every real estate agent should know about bitcoin

    Bitcoin has been front and center in the headlines over the past week. It’s a cryptocurrency t...

  • Zenplace’s roving iPad kiosks allow agents to show rentals remotely

    Have suggestions for products that you’d like to see reviewed by our real estate technology ex...

  • 5 holiday gift ideas for every kind of client

    With the holiday’s right around the corner, gift shopping for family and friends can quickly becom...

  • Why you shouldn’t ask for pre-approval proof before a showing

    You’ve probably heard this as often as I have. It was one of the first pieces of “advice” I re...

  • It’s your move: 5 tips for placing a counter offer

    When buyers find the home they’ve been looking for, they excitedly place an offer. However, se...

  • The Compass haters are starting to look lost

    Three years ago, even after Zillow acquired Trulia and cemented its hold on the industry, the doubte...

  • Pacific Union acquires majority stake in Gibson International

    Marking its fourth Golden State market-share grab within the last year, San Francisco-based real est...

December 2017
Mon Tue Wed Thu Fri Sat Sun
« Nov    
 123
45678910
11121314151617
18192021222324
25262728293031

  • Polls

    What information you are looking for?

    View Results

    Loading ... Loading ...
  • Last month Results

    How Is My Site?

    • Good (100%, 3 Votes)
    • Excellent (0%, 0 Votes)
    • Bad (0%, 0 Votes)
    • Can Be Improved (0%, 0 Votes)
    • No Comments (0%, 0 Votes)

    Total Voters: 3

    Vote

    Loading ... Loading ...