If the insurance industry stops writing policies for California homes, it will ultimately hit the mortgage industry.

Much of Los Angeles remains burning as this month's wildfires continue to wreak destruction on America's second-largest city. The Eaton Fire in Altadena has killed at least 17 people, while the Palisades Fire has burned 24,

Two wildfires still burning in Los Angeles have torched more urban area than any other fire in the state since at least the mid-1980s.

Thousands of Angelenos who lost their homes in some of the most destructive wildfires in California history find themselves in fierce competition with one another for an affordable place to live in Los Angeles' post-disaster housing market.

At least 24 people are believed to be dead and many more injured as several fires broke out across Southern California amid historically dry and windy conditions.

Meteorologists said there was a chance the winds would be as severe as those that fueled the Palisades and Eaton fires, but that different locations would likely be affected.

National Weather Service offices across Southern California are warning residents of an increase in weather conditions that are conducive to rapid fire growth. Meteorologists are most concerned about conditions from Monday afternoon through Wednesday morning when winds will be at their peak and relative humidity will be low.