The Times of India

These Malibu homes survived the wildfires. Some owners are still cutting prices by up to $7 million as buyers stay away

Malibu's luxury homes are struggling to sell after recent wildfires. Buyers now prioritize safety and insurance over prime locations. Sellers are reducing prices by millions to attract cautious buyers. Rising insurance premiums and climate risks weigh heavily on the market. Malibu remains desirable, but resilience is now a key selling point.