A new study by a tenant advocacy group shows a major increase in rent prices across the Los Angeles area during Southern California’s recent wildfires despite laws preventing price gouging

With inventory reduced and fire risk increased, both home prices and insurance rates could rise in Southern California.

The ongoing wildfires have set off a stampede to find housing, leading some homeowners and property managers to raise rents higher than the 10% allowed during emergencies.

The recent infernos in Southern California have ignited a housing crisis, with rental prices exploding and home values reeling across the region, according to one senior real estate analyst.