Housing Wire

MARCH 4, 2025

A 10% reduction in title insurance premiums was recently ordered by the Texas Department of Insurance (TDI), with the regulator citing profit ratios that were deemed to be excessive. According to the order, TLTA advocated for no changes to title insurance premiums while OPIC recommended a reduction of 8.9% between 2003 and 2022.

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Appraisal Buzz

JANUARY 22, 2025

Its not just home prices that are expensive, as they hover at historically high levels; rising insurance premiums are contributing to the growing costs of homeownership and property management. Home, rental, and property-related insurance products are ubiquitous and foundational to the health of the U.S. housing market.

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Housing Wire

JANUARY 20, 2025

A comprehensive report on homeowners insurance released by the Treasury Department this week outlined the cost of climate challenges on homeowners. It was also released alongside the most comprehensive data on homeowners insurance in history, Treasury added. million policies. million policies.

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Sacramento Appraisal Blog

OCTOBER 31, 2024

That’s a really good way to describe the housing market lately in many areas across the country. Let’s talk about that today as well as dig into insurance. I have some encouragement to share too about mindset.

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Insurance Housing Market Appraisal Marketing 375

Housing Wire

MARCH 19, 2025

While most of the insurance crisis news is focused on the impact of hurricanes and wildfires , hail is gaining ground as the repair of storm-damaged houses has grown so expensive that insurers are increasing premiums and even dropping homes to protect profits. Lopez, CEO of Your Insurance Attorney , told HousingWire.

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Housing Wire

MARCH 3, 2025

Annual property insurance costs for mortgaged single-family homes rose by a record $276 (or 14%) to $2,290 in 2024, per the latest Intercontinental Exchange (ICE) Mortgage Monitor Report released Monday. of borrowers switched insurance providers in 2024, up from 9.4% ICE loan-level data shows that a record 11.4%

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Appraisal Buzz

MARCH 3, 2025

Property insurance costs for mortgaged single-family homes rose by a record $276 (+14%) to $2,290 in 2024 with average premiums now up 61% over the past five years. of borrowers switched insurance providers in 2024, up from 9.4% of borrowers switched insurance providers in 2024, up from 9.4%

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Housing Wire

FEBRUARY 18, 2025

On Friday, California insurance commissioner Ricardo Lara rejected State Farm s request for emergency rate increases , going against the recommendation of his staff experts. The request from State Farm involved insurance rate increases that would have gone into effect on May 1, 2025. in 2022, 6.9% in 2023 and 20% in 2024.

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Housing Wire

FEBRUARY 11, 2025

The Supreme Court of Hawaii this week decided that insurance companies seeking to file their own suits against those deemed responsible for 2023s devastating wildfires on the island of Maui cannot proceed, paving the way for a $4 billion settlement to continue, according to reporting from the Associated Press (AP). Supreme Court.

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Housing Wire

FEBRUARY 27, 2025

American homeowners are struggling to keep up with unpredictable natural disasters and the rising homeowners insurance premiums that follow them. Residents are more willing to move if it means avoiding high insurance rates, according to a new study from mortgage technology company Maxwell.

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Housing Wire

MARCH 31, 2025

Florida’s long-standing reputation as America’s affordable sunshine paradise is rapidly dimming under the weight of skyrocketing housing costs, unsustainable insurance premiums and crumbling infrastructure, according to a new report from real estate analytics firm Cotality.

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Appraisal Buzz

APRIL 2, 2025

consumers , two in three home insurance policyholders said their rates rose in 2024. The survey found that, in just a year, the rate of home insurance policyholders who worry their homes will become uninsurable nearly doubled, with 50% of policyholders fearing this will happen, up from 26% in 2024.

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Housing Wire

MARCH 18, 2025

housing market particularly its levels of affordability, available inventory and accessibility for those with mobility or cognitive challenges presents a unique challenge for older Americans on fixed incomes. Utility and maintenance costs also factor into the equation, as do property taxes and homeowners insurance.

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Housing Wire

OCTOBER 18, 2024

” A combination of soaring insurance rates and new regulations on condo association reserves and building maintenance work has created a surge in condo inventory in Florida. In particular it’s created a glut of 30-plus-year-old units on the market, with few takers.

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Housing Wire

FEBRUARY 27, 2025

With the uptick in the severity and frequency of these natural disasters , as well as the rising costs to rebuild and reinsure, more real estate professionals and consumers are finding homeowners insurance to be a far greater concern than ever before. That has changed. The first is the frequency and severity of natural disasters.

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Housing Wire

FEBRUARY 27, 2025

Florida was one of the hottest destinations during the pandemic, but the states housing market might be coming down to earth. Redfin agents in the state say that its now a buyers market where sellers have to make concessions to bring buyers to the table. Eight of Floridas metropolitan markets have record-high active listings.

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Housing Wire

OCTOBER 21, 2024

The construction activity is likely to place the housing industry and its financing partners on a “collision course” with insurers, the outlet said. Big payouts from natural disasters are driving insurers to raise rates and pull back on coverage,” the report stated. A lot of times that’s not happening right now.”

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Appraisal Buzz

MARCH 18, 2025

According to the report , as weather-related natural disasters increase in frequency and severity, home insurers have responded to the increased risk by dramatically increasing premiums or simply ceasing to issue new policies in heavily impacted regions. The post Mortgage Insurance Defects on the Rise first appeared on The MortgagePoint.

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Appraisal Buzz

FEBRUARY 4, 2025

real estate market. These areas have seen increases in severe weather exposure and insurance costs, resulting in a steady increase in the overall cost of homeownership. Insurance cost acceleration relative to home appreciation: Insurance costs are rising dramatically faster than mortgage payments. million in 2025.

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Real Estate Marketing Insurance Property Taxes 391

Housing Wire

JULY 24, 2024

While there is no doubt that the Florida housing market has slowed since the height of the post-pandemic homebuying boom, the state’s condominium market has been especially hard hit, according to local agents. “It Altos considers anything above 30 to be indicative of a seller’s market. Insurance is still a major hurdle for many.

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Housing Wire

MARCH 21, 2025

housing market remains challenging for prospective buyers as concerns over mortgage rates , home prices and affordability persist in 2025. I believe the concerns for the market at this point are dramatically related to geographics. A report from First Street projected a potential $1.5 Dont obsess with finding the perfect first home.

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Housing Wire

NOVEMBER 13, 2024

On Tuesday, the firm launched Compass Resort, a network for agents in vacation-home markets and clients searching for second homes. ” According to its announcement, Compass feels that now is the right time to launch a resort division as the market for second homes is growing. .”

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Housing Wire

FEBRUARY 5, 2025

But this could have a double-edged effect, depending on the market. real estate market. Jeremy Porter, the company’s head of climate implications research, said that homeowners insurance costs and migration patterns may also shift. ” Porter’s perspective on rising insurance premiums is already happening. .

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Housing Wire

DECEMBER 9, 2024

Weve now been in the post-pandemic housing market recession market as long as we were in the pandemic boom. Does the housing market start to get back to normal? The number of unsold homes on the market is finally getting closer to 2019 levels. But, the market change isnt evenly distributed. Two and a half years.

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Housing Market Marketing Inventory Sellers 418

Appraisal Buzz

MARCH 25, 2025

Many homeowners kept their homes off the market because they were worried values would diminish, and some house hunters canceled contracts because they were nervous about insurance costs and potential future fires. What Regional Markets Are Gaining Momentum? The areas median sale price increased 5.1% The post How L.A.s

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Appraisal Buzz

DECEMBER 5, 2024

ATTOM has released its latest Special Housing Market Impact Risk Report , a study examining county-level housing markets around the U.S. The report shows that California, New Jersey, and Illinois once again had high concentrations of the most-at-risk markets in the country, with parts of Florida also joining that mix.

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Appraisal Buzz

DECEMBER 30, 2024

If youre thinking about buying or selling a house and wondering about the housing market, youre not the only one. The real estate market has seen a lot of unusual trends in the past couple of years, so it makes sense that youd want the latest market update before you make any major decisions! Will Interest Rates Go Down in 2025?

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Housing Wire

NOVEMBER 22, 2024

But the narrative is more complex in niche markets like the Texas capital of Austin. Social media posts have fueled speculation that Austin’s rental market is in freefall. Gerli told HousingWire in an emailed response that normalizing market conditions would be indicated by a slow and gradual decline in rents.

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Housing Wire

SEPTEMBER 19, 2024

With home sale prices continuing to rise, wire fraud prevention firm CertifID announced Thursday that it is increasing its direct, first-party insurance coverage maximum to $2 million. This means that up to $2 million of a wire transfer verified by CertifID can receive direct, first-party insurance coverage.

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Housing Wire

JULY 25, 2024

Home insurance premiums have risen by as much as $865 this year for homeowners who originally purchased their policies in 2021. In response, the mortgage industry and federal regulators are aiming to determine the best courses of action to mitigate the financial burdens on both homeowners and insurance carriers.

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Housing Wire

MARCH 17, 2025

Many condos are being added to a “blacklist” by Fannie Mae due to the properties not having enough insurance or needing major repairs. Insurance premium crises across the country in places like California , Texas and Florida are exacerbating the costs associated with locking in coverage.

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Appraisal Buzz

MARCH 4, 2025

Property insurance costs for mortgaged single-family homes increased a record $276 or 14% to an average of $2,290 per year in 2024, according to ICE Mortgage Technologys latest Mortgage Monitor report. percent of borrowers switched insurance providers in 2024, up from 9.4 Among the major U.S. Among the major U.S. A record 11.4%

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Appraisal Buzz

NOVEMBER 26, 2024

Matic announced that it has published its annual year-end trends and predictions report, which examines significant developments in the house insurance market and their effects on mortgage lenders and homeowners. In the second half of 2024, premium growth slowed considerably, with average rate increases for new plans being 6.6%

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Appraisal Buzz

DECEMBER 10, 2024

With mortgage rates elevated and the housing market evolving, many homeowners are choosing to update their current home rather than look for a new one. And yet, about that same amount failed to upgrade their insurance policies to protect their new investment. Homeowners: $9,702 Empty Nesters: $18,672 Full home renovations: U.S.

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Housing Wire

AUGUST 22, 2024

The Federal Housing Finance Agency (FHFA) on Wednesday updated its capital requirements for private mortgage insurers and allowed rules established during the COVID-19 pandemic to sunset. According to the USMI, private mortgage insurers held more than $26.8 Companies will have two years to fully implement the changes.

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Housing Wire

SEPTEMBER 9, 2024

Why is homeowners insurance so expensive in the Upper Midwest? The growing prevalence of extreme weather events and the high cost of construction are pushing property insurers to significantly raise their prices , even in places you might not expect. More: catastrophic weather events are “a key driver” of the premium hikes.

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Appraisal Buzz

OCTOBER 14, 2024

August saw a further slowdown in the lackluster summer market, with home sales reaching a record low since the epidemic began. “We Homes Sitting on the Market for at Least a Month Up from 63.9% on the market last month had been vacant for at least 30 days. a year ago, nearly seven out of 10 homes—an estimated 68.5%—on

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