Wildfires Affecting Property Value

As I was writing this, the two largest wildfires in the history of New Mexico were burning. The Hermits Peak/Calf Canyon Fire, just northeast of Santa Fe, and the Black Fire in the Gila National Forest were burning at a historic pace. According to the National Wildfire Coordinating Group, the Calf Canyon Fire/Hermit’s Peak Fire consumed 342,000 acres. A holdover burn pile from January that remained dormant under the surface through three winter snow events before reemerging in April caused the Calf Canyon Fire. A holdover fire, also called a sleeper fire, is a fire that remains dormant for a