A few months back, raging wildfires in Greece made international headlines. A Greek friend told me that it's not surprising to see those fires, and at times, they are caused by evil real estate developers who want to develop conservation areas into a place of housing. Supposedly, in Greece, if part of a conservation area burns down, then technically it is no longer a conservation area and the law does not protect it any more.
I was just thinking about the California wildfires and the current decline in the real estate market. News sources have reported that some of the fires were suspicious. Thousands of homes have burned down, and it is predicted that the damages surpass $1 billion. I think that it will be safe to say that the housing statistics in California will show an increase in homebuilding activities to replace the damaged homes.
I wonder how these activities will affect any entities connected with the real estate market.
I was just thinking about the California wildfires and the current decline in the real estate market. News sources have reported that some of the fires were suspicious. Thousands of homes have burned down, and it is predicted that the damages surpass $1 billion. I think that it will be safe to say that the housing statistics in California will show an increase in homebuilding activities to replace the damaged homes.
I wonder how these activities will affect any entities connected with the real estate market.