North Bay housing costs likely to spike after wildfires, economist says

With roughly 4,000 homes destroyed by wildfire, the North Bay has lost a sizeable chunk of its housing stock in what was already a tight home market. That loss is likely to boost home and rental prices immediately, said Danielle Hale, chief economist with Realtor.com, a home listing site run by the National Association of Realtors.  “In the short run, it’s really difficult for people to make decisions to totally relocate, so a lot of demand will remain in the market,” she said. “People…

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