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Florida’s housing affordability crisis is reaching a breaking point

Housing Wire

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. Daily water leaks are plentiful enough to supply 1.2

Insurance 446
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The Altadena story, from Jackie Robinson’s home to ground zero

Housing Wire

As a result, thousands of Black homes and businesses were destroyed and those that chose to stay behind were subjected to noise and auto emissions, according to a research report by the UCLA Institute of Transportation Studies. This is primarily due to rising homeowners insurance premiums, denied claims and inadequate coverage.

Insurance 322
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HG Holdings acquires National Consumer Title

Housing Wire

North Carolina-based HG Holdings Inc agreed last week to acquire 100% of the equity of Florida-based National Consumer Title Insurance Company — owned by Southern Fidelity — and 100% of the interest in National Consumer Title Group LLC. HG Holdings will pay Southern Fidelity $5.5 million, according to a statement put out by the company.

Insurance 383
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Massachusetts budget features programs to support seniors, aging in place

Housing Wire

These include home- and community-based care designed to support aging in place ; community councils on aging to better assess the needs of older residents; funds for outreach and counseling resources for seniors who have mental health needs; and more allocations for the state’s health insurance program. Councils on aging will receive $1.4

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Investors turn their eyes to affordable housing opportunities

Housing Wire

There’s a growing sense that affordable housing is a stable investment class for banks and insurance companies; even in the 2008 – 2009 recession, it held up well.”. “We’re seeing statistics from our developers across the country that their portfolios are holding up well,” he said.

Investors 459
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Volunteers aid Pennsylvania seniors as they age in place

Housing Wire

For seniors who live alone and may not have easy access to public transportation, relatively simple tasks such as grocery shopping or medical appointments become much more difficult to complete. Data from insurance provider Genworth Financial was provided to show the financial benefits of aging in place.

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FHA borrower fee gridlock draws ire of industry

Housing Wire

The Federal Housing Administration ’s (FHA) decision to withhold a mortgage insurance premium cut has confounded mortgage policy experts and industry stakeholders. Income from FHA premiums go into the general Treasury fund when Congress passes a Transportation and HUD appropriations bill. The money can then be used for other programs.

Insurance 468