For the past several days I’ve been asking clients and colleagues what they’re hearing about how the housing shortage issue will be addressed in the wake of 2800 homes being destroyed in the North Bay / Sonoma County fires. One person I spoke with last night who works for the Sonoma Planning department said they are working on ways to ease up the permitting process to allow people to begin re-building sooner. Today, I came across a great article by Selma Hepp is Pacific Union’s Chief Economist and Vice President of Business Intelligence that talked about the housing market in the area, and what the projected recovery and rebuild times may be, and how prices for rentals and purchases will be impacted.
While there’s still a lot of unknowns, it felt comforting to get some answers in a time that is filled with so many questions and concerns about how this community will rebuild. You can see the article here.
If you have been affected by the fires, my good thought and prayers are with you.