Skip to main content

More Than 172,000 California Homes Face Wildfire Risk

Phil Hall
Oct 10, 2017
California and Texas leads the nation with the greatest threat to residential property damage due to wildfire damage, according to new data from CoreLogic

A total of 172,117 homes with a combined reconstruction cost value (RCV) of more than $65 billion are at some level of risk from the wildfires sweeping across California’s Napa and Santa Rosa metropolitan areas, according to new data from CoreLogic.
 
There are five active fires burning in California, three in Napa and two in Santa Rosa. CoreLogic estimated that 9.1 million homes with a combined RCV of $3.1 trillion are at some level of risk from the ongoing blazes. Within Napa and Santa Rosa, there are 11,058 residences, or six percent of the combined areas’ total, with an estimated RCV of more than $5 billion that fall in the High and Extreme risk categories.
 
However, the majority of homes—161,059, or 94 percent—are at Low or Moderate risk of damage, although CoreLogic warned in a press statement that wildfire “can easily expand to adjacent properties and cause significant damage even if a property is not considered high risk in its own right.”
Published
Oct 10, 2017
loanDepot And mellohome Introduce Home Services Bundle

loanDepot, Inc. and its sister company mellohome are launching a proprietary bundle of home buying and selling services.

Industry News
Jul 30, 2021
Gateway Mortgage Surpasses 165 Mortgage Centers With 10 New Additions

Gateway Mortgage reported significant growth in the company, prompting it to open 10 new locations across Colorado, Idaho, Oklahoma, Texas, Oregon, and Wyoming.

Industry News
Jul 30, 2021
FHFA Requires 30-Day Notice Prior To Eviction

Wednesday, the Federal Housing Finance Agency (FHFA) announced that tenants of multi-family properties must be given 30 days notice to vacate before the tenant is required to leave the premise.

Industry News
Jul 29, 2021
Houston-Based Stewart Acquires Title First Agency

Ohio-Based Agency Has 20 Offices And Operates in 32 States

Industry News
Jul 28, 2021
Planet Home Lending Reports Total Origination Volume Of $6.8B In Q2 2021

Planet Home Lending's total origination volume reached $6.8 billion in Q2 2021, up 77% from $3.9 billion in Q2 2020.

Industry News
Jul 22, 2021
FHFA Ends Controversial Refinance Fee

The FHFA announced that Fannie Mae and Freddie Mac will eliminate the Adverse Market Refinance Fee for loan deliveries, starting August 1, 2021.

Analysis and Data
Jul 19, 2021