Malibu residents flee as international buyers snap up burned-out lots

by Jack Flemming

Nearly a year after the Palisades fire, Malibu has issued only four rebuilding permits. The slow pace has led to declining home values as frustrated locals abandon plans to rebuild and list their lots for cheap.

Categories

Recent Posts

Two Big Reasons To Move This Summer
Two Big Reasons To Move This Summer
Lower Asking Prices Are a Win for Today’s Buyers
Lower Asking Prices Are a Win for Today’s Buyers
This new California NIMBY-busting law could create a million new apartments and condominiums
This new California NIMBY-busting law could create a million new apartments and condominiums
Could Moving a Bit Further Out Change Everything About Your Budget?
Could Moving a Bit Further Out Change Everything About Your Budget?
What Rising Inflation Means for Your Move
What Rising Inflation Means for Your Move
The Mid-Year Housing Market Update: Why Forecasts Changed in 2026
The Mid-Year Housing Market Update: Why Forecasts Changed in 2026
Temporary rent-gouging protection vanishes for L.A. fire survivors as county lets ban expire
Temporary rent-gouging protection vanishes for L.A. fire survivors as county lets ban expire
Less House, More Home: Why Smaller Homes Are Paying Off for Today’s Buyers
Less House, More Home: Why Smaller Homes Are Paying Off for Today’s Buyers
Erewhon sued in Culver City over a rent dispute
Erewhon sued in Culver City over a rent dispute
The Real Reason Some People Are Still Moving Right Now
The Real Reason Some People Are Still Moving Right Now

Share on Social Media

Stephon Carradine

SoCal Home Group

Phone

+1(562) 235-9152

Address

388 East Ocean Blvd, Suite 503, Long Beach, California, 90802, USA

GET IN TOUCH

Name
Phone*
Message

By checking this box, I agree by electronic signature to the Electronic Disclosure Consent Agreement; to receive recurring marketing communication from Carradine Real Estate Group, including auto-dialed calls, texts, and artificial/prerecorded voice messages (message frequency varies; data rates may apply; reply "STOP" to opt-out of texts or "HELP" for assistance); and to the Terms of Service and Privacy Policy of this website. Consent not required to make a purchase. I understand that I can call to obtain direct assistance.