- Forecasters predicted heavy rain in fire-ravaged Southern California over the next few days. The consistent rain could lead to flooding and mudslides in areas scarred by the recent infernos.
- Homeowners weigh a tough choice, whether to stay and rebuild on their lot or sell at a steep loss.
- For some homeowners, insurance will only cover a fraction of the fire damage. Some don’t have any coverage at all.
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Forecasters predicted heavy rain for Central and Southern California starting Tuesday night, Feb. 11, which could lead to flooding and mudslides in fire-ravaged areas.
How much rain could Southern California receive?
Weather experts warned the upcoming storm will be the strongest of the season, with potentially life-threatening and damaging flooding. Downpours are expected from Wednesday through Friday.
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Some areas, such as Los Angeles, are forecasted to receive close to two inches of rain. Large plots of burned-out land remain vulnerable to excessive water amounts too quickly.
To sell at a loss or rebuild?
Homeowners who survived the January wildfires are stuck with a tough choice: rebuild at a considerable cost or sell properties at a loss.
For example, a lot in Pacific Palisades where a four-bedroom house once stood and was once valued at $2.7 million on Zillow is now on the market this month for $999,000. The owner received 60 offers in 10 days, according to real estate experts who spoke with Newsweek.
By comparison, Redfin said the median home price in Pacific Palisades was $3.3 million at the end of 2024.
The Palisades and Eaton fires burned almost 6,400 homes. The vast majority were single-family.
Flames charred more than 12,000 structures in Los Angeles County.
What about insurance?
Some homeowners can count on insurance to help them rebuild. Others will only have a fraction of the cost covered by insurance.
Some have no insurance whatsoever.
