Tuesday
September 2, 2014

CoreLogic: 1.2M Homes at Risk for Wildfires in West

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CoreLogic: 1.2M Homes at Risk for Wildfires in West

More than 1.2 million homes in 13 states are at risk of wildfires, according to a new report released by CoreLogic. That represents $189 billion in total property value. 

"Coming off a record-setting year in 2012, the 2013 wildfire season has already presented a number of damaging fires including the Black Forest Fire in Colorado and the Rim Fire in California," says Thomas Jeffery, senior hazard scientist for CoreLogic Spatial Solutions. "The next two months could be a critical time should fires continue to ravage the dry fuel areas in the west, as ongoing drought conditions in the region continue to exacerbate wildfire risk."

The threat of wildfires to residential properties has increased over the last half-century due to expansion of homes in areas deemed high-risk zones. The Southern Rockies and South Central portion of the U.S. have the highest number of properties at potential risk. For example, Colorado, Texas, and California have the highest number of homes deemed high-risk, according to CoreLogic. 

In Colorado alone -- which tops the list of states at threat -- 83,174 homes are in the high-risk category for wildfires. Los Angeles, however, has the most single-family homes exposed to wildfire risk, CoreLogic finds. 

CoreLogic offers wildfire risk scores on a property-by-property basis. 

Source: “Wildfire Threat Takes Over Housing in Western States,” HousingWire (Oct. 10, 2013)

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