Demand for temporary housing likely to push up rent prices

As thousands of residents displaced from Los Angeles County wildfires look for temporary housing, rent and home prices are likely to rise, local economists predicted.

Expect to see demand soar for hotel rooms and short-term rentals.

See also: Free and discounted accommodations for wildfire evacuees

“We know there’s a chronic shortfall of housing in the region and the state as a whole,” said Robert Kleinhenz, director of Cal State Long Beach’s Office of Economic Research. “Clearly...