In an attempt to track the impact of three of the six wildfires currently raging through Southern California, a new report from CoreLogic shows over 86,000 homes are at risk, accounting for $27.7 billion in real estate value.
Most of the homes in the path of the Thomas, Creek, and Rye wildfires, 84 percent, are in CoreLogic's "low" or "moderate" risk categories, but the Santa Ana winds could alter those numbers at any time. The report says, "wildfire can easily expand to adjacent properties and cause significant damage even if a property is not considered high risk in its own right," CNBC reports.
Some experts are calling the current fire conditions unprecedented. A rainy spring produced more foliage and vegetation than usual. That was followed by one of the hottest summers on record, which dried it all out, leaving vast supplies of fuel for these growing fires.
