Canadian wildfires could send lumber prices rising again

Wildfires raging in Western Canada could send lumber prices sky high again in a move that would snuff out home buyer’s hopes of some price relief. Lumber prices had been cooling in recent weeks leading to hopes that new home prices would come down. The costs of remodeling projects were also set to benefit. But

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Ask Brian: How Do I Prepare for a Wildfire?

Ask Brian is a weekly column by Real Estate Expert Brian Kline. If you have questions on real estate investing, DIY, home buying/selling, or other housing inquiries please email your questions to [email protected] Question from Lorrie in ID: Hi Brian. My family and I recently made a big lifestyle change. After several visits, we moved

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2 million homes at risk from wildfires

Experts say the 2020 wildfire season in the U.S. will likely set a new record for the most acres of land burned. Smoky skies, poor air quality and the COVID-19 pandemic are adding to the challenges of this year’s wildfire season. Almost two million homes are at “extreme risk” of wildfires that are currently raging

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Researchers call for more fire-resistant homes

Researchers are looking into ways to protect homes from wildfires as millions of acres across the U.S. are once again being burnt out of existence. The Insurance Institute for Business & Home Safety’s research team is focusing on what causes homes to ignite during a wildfire, and it found that 90% of homes were first

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Wildfires cause slowdown in California home sales

Wildfire-prone areas in California are seeing home sales slow as insurers retreat from high-risk regions, The Wall Street Journal reported. Insurers paid more than $24 billion for California wildfire losses in 2017 and 2018. Now, they’re looking to cover their losses and are reportedly raising prices or declining to renew policies in some parts of

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Keeping Wildfires at Bay: How New Technology Can Help

In 2018, California saw some of the worst wildfires on record. Fires ravaged hundreds of homes and threatened hundreds more. A record 42 people were confirmed dead and 200 missing as 250,000 people fled their homes. That’s more than just a safety risk. It has a critical impact on California’s residents and real estate market.

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Natural disasters caused $11B worth of real estate damage in 2018

The United States was hit hard by natural disasters in 2018, suffering 11 major events including floods, hurricanes and wildfires.

Hundreds of homes destroyed in worst-ever California wildfires

Some 42 people are confirmed killed, with more than 200 missing as three wildfires swept through California this week, razing hundreds of homes to the ground. The death toll is said to be a grim new record in the Golden State, beating the 31 victims who died during the 1933 Griffith Park disaster in Los

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Despite the risks, wildfires don’t put off home buyers

Wildfires have been ravaging the eastern coast of the United States this summer, but the risk of having your home destroyed in a blaze hasn’t prevented home buyers from purchasing in at-risk areas, according to a recent study.

Why You Want a Force Majeure Clause in Your Real Estate Contract

Recent news coverage has discussed buildings destroyed by wildfires in California. Properties in Hawaii have been threatened by earthquakes and volcanos, as well as mudslides following a tropical storm.

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