New fault line maps could impact San Diego housing

New fault line maps could impact San Diego housing

New fault line maps could impact San Diego housing
The California Geological Survey released two maps of fault lines in the state that among other things, expanded fault line zones within the City of San Diego. The changes, announced last month could impact real estate development in the area.

Fault line zone maps show areas that are at a greater risk of a surface fault rupture in the event of an earthquake.

New developments in these fault zones may now require additional hazard investigations in order to get permitted for construction. California law requires that the risks associated with natural disasters including earthquakes be disclosed by sellers to buyers.

Meanwhile, conforming no-point 30-year fixed mortgage rates are averaging 3.0 percent and 15-year rates are near 2.375 percent.

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