The January 7, 2025, Palisades and Eaton wildfires inflicted catastrophic damage on Los Angeles, destroying more than 13,500 properties and triggering an estimated $40 billion in insured losses, according to property data firm Cotality.
In the second quarter of 2025, home price growth cooled across U.S. metro areas, reflecting shifting market dynamics amid persistent affordability challenges and rising mortgage costs.
Wildfires that ravaged Pacific Palisades, Malibu and Los Angeles areas for 3 weeks last January scorched an estimated $51.7 billion in residential real estate, marking one of the most financially devastating wildfire events in U.S. urban history, according to a new analysis by Redfin.
According to new Redfin research, a beachfront compound in Naples, Florida has set the high-water mark for U.S. residential real estate this year, selling for a record $133 million in April 2025.
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