Despite devastating fires and another record drought, real estate in California wine country is booming. 'So far, people have a short-term memory regarding natural disasters.'
A year after devastating fires—and amid another record drought—Napa and Sonoma are experiencing large increases in property values
David Spangenberg and Peggy Matsuda bought this four-bedroom, six-bathroom, 3,500 square-foot Mediterranean for $3.45 million in a golf club community in Santa Rosa, Calif. considered a lower risk for fire than surrounding areas. VIDEO: TRAVIS GETSKE FOR THE WALL STREET JOURNAL
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