Remove Home Value Remove Insurance Remove Supply Chain
article thumbnail

Climate risk is rising. It calls for a rethinking of home insurance coverage

Housing Wire

It’s resulting in calls to reimagine the costs of homeowners insurance (Image generated by AI in Midjourney) As the planet warms and extreme weather intensifies, the rising cost of homeowners insurance is stopping real estate deals in their tracks. Some insurers say catastrophe risk is part of the business, part of the job.

Insurance 482
article thumbnail

Insurance carrier exodus rattles California and Florida housing markets

Housing Wire

In late June, Susan Gregory received an estimate for a new homeowner’s insurance policy on her 120-year-old St. Augustine, Florida property, after her previous insurer, United Property and Casualty, went insolvent earlier in the year. “It can’t be my forever home if I can’t afford it.”

Insurance 370
Insiders

Sign Up for our Newsletter

This site is protected by reCAPTCHA and the Google Privacy Policy and Terms of Service apply.

article thumbnail

Now that interest rates are going down, here’s what to expect for the rest of the year

Housing Wire

Global events destabilizing the world’s oil supply could kick inflation back into high gear and make the FOMC’s QE and QT campaigns fail. Any supply chain disruption to critical trade routes worldwide could cause the same issues with manufactured goods and technology price increases due to a lack of supply from foreign producers.

article thumbnail

The Reality of Major Home Renovations

Eppraisal

Renovations are a great way to boost home value and aesthetics. There Will Be Project Delays Lousy weather, supply chain disruptions, lengthy permit approvals or other sudden complications can stretch your project timeline. The ROI Reality Check A well-planned remodel can drive up your home value.

article thumbnail

Ohio Land for Sale: Is the Market Still Ripe for Growth in 2022?

The Robert Weiler Company

A whopping 3,644 homes closed during that busy summer month, 15.6 As the housing shortage and supply chain issues pressured rent prices and home values, residential land (and industrial land) experienced a rise in demand. taxes, insurance) while making a profit. percent higher than the previous month.

article thumbnail

SELLERS’ MARKET? HOW ABOUT BUILDERS’ MARKET?

Will Springer Realtor

It’s safe to say we are tired of hearing the phrase “supply-chain disruption” and experiencing its effects. Analysts believe items that are now in shorter supply – major appliances, computer chips and specialty goods, to name a few – will return to shelves and front porches by the end of 2022 as the pandemic (hopefully) ebbs.

Sellers 36
article thumbnail

AN URGENT CALL FOR CHANGES TO ZONING LAWS

Will Springer Realtor

As home values rise, low-income households already on the margins of affordability are being priced out of homeownership in urban areas such as Seattle, where median prices have jumped 37% (and 52% countywide) over the past five years. Some parts of the U.S. – for example, across most of New England – mandate inclusionary zoning.).

Law 36