Episode Details

Repair costs in California’s wildfire-hit areas are finally cooling after years of steep hikes—up just 3% this year, down from 7% the year before. After a pandemic-driven surge and a perfect storm of disasters, homeowners are breathing a little easier as the pace of price increases slows, though costs remain 53% higher than in 2019. Across the state, repair prices rose 3% overall, a significant drop from previous years—but still a 50% climb since 2019. For now, it’s a small reprieve for wallets and insurance rates.

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