What Los Angeles Looks Like a Year After the Fires

A year after Los Angeles’ tragic fires, recovery is beginning to take root. Houses are under construction — and in at least one case, already finished — some residents are still struggling to make ends meet and speculators are circling for deals on land to develop.

Today’s newsletter takes you to Pacific Palisades and Altadena for a snapshot of life 12 months after the flames wiped neighborhoods off the map. Please subscribe to Bloomberg News for the latest on climate change’s impact on the real estate market.