Wildfire pollution depresses home values and rents – study
Dallas Fed research finds effects extend to areas “thousands of miles” from where fires take place
Wildfire smoke pollution depresses rents and home prices in areas far from where the actual fires occur, according to research from the Federal Reserve Bank of Dallas.
The study, published on August 27, says the pollution “may significantly affect housing market activity in locations hundreds or even thousands of miles” from where wildfires break out.
The authors – Luis Lopez, Nitzan Tzur-Ilan and Jackson Owen – say wildfires are responsible for more than 15% of particulate matter in the US and
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