Malibu Real Estate News
Malibu
2.6 Million Homes at Wildfire Risk Across 14 Western States in 2025
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.
Los Angeles Area Wildfires Destroyed Nearly $52 Billion in Homes Last January
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.
Catastrophic Wildfires Devastating Tens of Billions of Dollars of Southern California Properties
According to new data from CoreLogic, the Palisades Fire ignited on January 7, 2025 at approximately 10:30 a.m. PST in Pacific Palisades, California. Driven by fierce winds exceeding 40 mph, the fire quickly consumed around 200 acres and continued spreading at an alarming pace.
California Realtors Predicting a Rosier 2025 for Local Home Sales
The California Association of Realtors (C.A.R.) has recently released its 2025 housing and economic forecast, predicting a more favorable interest rate environment that will ease the current "lock-in" effect, leading to improved housing inventory.
