A ruined view following a wildfire affects property values, but only because it's a painful reminder of risk, economists find.

Homes regain value in less than two years, study says

A recent study finds that some of the West’s most fire-prone areas — densely forested, scenic landscapes — are also some of its most desirable.

More people than ever want to live on the wild edges of Western cities, despite the risk wildfires pose to their homes. A recent study by researchers at the University of Nevada, Las Vegas, found that wildfires drive down real estate prices only in the immediate aftermath of a disaster. Home prices in burned areas typically rebound to pre-fire levels within one to two years.

More people than ever want to live on the wild edges of Western cities, despite the risk wildfires pose to their homes. A recent study by researchers at the University of Nevada, Las Vegas, found that wildfires drive down real estate prices only in the immediate aftermath of a disaster. Home prices in burned areas typically rebound to pre-fire levels within one to two years.

Wildfires have been ravaging the eastern coast of the United States this summer, but the risk of having your home destroyed in a blaze hasn’t prevented home buyers from purchasing in at-risk areas, according to a recent study.

A new study affirms that wildfire risks don't impact property values in fire-prone areas over the long run.

The immediate impact of wildfires will clearly have an impact on buyers considering areas prone to blazes but not for long.