Industry News

NAR announces $500,000 in wildfire assistance

Several wildfires continue to rage in Southern California

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The National Association of Realtors is donating $500,000 to assist victims of the Southern California wildfires and has called upon its members to contribute to its Realtors Relief Foundation. Since Saturday, at least eight people reportedly have died as a result of the fires and related evacuations. An estimated 1,500 Southern California homes have been destroyed by more than a dozen wildfires that have burned about 719 square miles, with losses estimated above $1 billion for San Diego County alone. President Bush has declared a major disaster for a seven-county region in Southern California. While some news reports have placed the number of evacuees at about 1 million, the Los Angeles Times reports that those numbers may be exaggerated. At the height of evacuations Tuesday morning in San Diego County, officials said nearly 350,000 households had received automated emergency phone calls warning them to evacuate, the newspaper reported. But some of those evacuations were lifted within...