With so many people displaced and looking for rentals, the region’s housing options could grow even scarcer and more expensive.

With strong winds, dry conditions and no immediate end in sight, analysts project total economic losses of $50 billion to $150 billion.

The wildfires that destroyed homes in multiple sections of the Los Angeles area will test California’s efforts to stabilize the state’s insurance marketplace after many insurers stopped issuing reside

By Jorge Garcia and Rollo Ross LOS ANGELES (Reuters) -Two massive wildfires menacing Los Angeles from the east and west were still burning uncontained on Thursday, but a brief respite from the fierce winds that have fanned the flames for two days allowed crews to slow their explosive spread.

With flames driven by hurricane-force winds, “it feels like Armageddon,” said one woman who was forced to evacuate. “It’s just smoke and darkness.”

Two massive wildfires menacing Los Angeles from the east and west were still burning uncontained on Thursday, but a brief respite from the fierce winds that have fanned the flames for two days allowed crews to slow their explosive spread.