The Los Angeles fires are likely to exacerbate California's inventory and affordability crisis, bringing up demand at a time when supply has further shrunk.

Law enforcement and prosecutors are geared up for scammers who are expected to exploit relief for victims of the Palisades and Eaton fires.

The Eaton Fire is almost completely contained in the Altadena area northeast of Los Angeles. On the LA County coast, the Palisades Fire is over three-fourths contained. The Hughes Fire, which broke out in the Lake Castaic area Wednesday north of Los Angeles, is over 50% contained.

Real estate mogul Mauricio Umansky said California needs to work with the federal government in order to help Los Angeles rebuild from the devastating wildfires.

Officials ordered evacuations in the area surrounding the Hughes Fire on Wednesday morning, located near Castaic Lake in Los Angeles County.

Eaton Fire initially started 6:18 p.m. Jan. 7 in Los Angeles County. Since its discovery 16 days ago, it has burned 14,021 acres. A fire crew of 1,837 has been working on site and, as of Thursday morning, they managed to contain 95% of the fire. However, investigations into the cause are ongoing.

The Los Angeles County Sheriff's Department said in an update Thursday that 18 people remain missing after the Southern California wildfires. Overall, authorities received a total of 43 missing persons reports related to the Eaton and Palisades fires. Of those, 12 were located safe.

California should, then, follow a University of Chicago conclusion: “Wildfire emissions need to be a key part of climate policy if California is going to meet its emission reduction goals.” Instead, Newsom and company use climate change as an excuse, suggesting in essence that their hands are tied until we reverse the Earth’s climate trajectory.

Two Disaster Recovery Centers are open to provide resources for Los Angeles County residents affected ... Get top local stories in Southern California delivered to you every morning.

The Hughes Fire near Castaic, north of Los Angeles, was 24% contained on Thursday afternoon, according to Cal Fire.

President Donald Trump visited California on Friday to discuss the Los Angeles fires.During a roundtable with California officials, Trump promised to help fund relief efforts.The meeting came after weeks of Trump threatening to withhold federal funds for recovery.