ESG & Investing
Pandemic Housing Boom Puts More US Buyers in Path of Wildfires
US buyers who fled big cities are pushing up property prices in areas at high risk of burning.
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Americans looking for larger properties during the pandemic are moving to rural towns and suburbs — and driving up the price of homes with high fire risk.
The median sale price of US homes with high fire risk was $550,500 in April, compared with $431,300 for homes with low fire risk, according to a recent report from Redfin.