As Hurricane Erin becomes the first hurricane of the 2025 season, homeowners in many parts of the U.S. are already facing double-digit insurance rate hikes, and insurers in some areas continue to pull out altogether. In high-risk, catastrophe-prone regions, homeowners’ premiums are projected to rise more than 15% this year, according to Hub International’s 2025 […]
Hurricane season arrives amid homeowners insurance hikes Read More »
Young homebuyers are taking the adage “marry the house, date the rate” to heart, but that could set them up for potential problems in the future, a new report warns. Nearly two-thirds of millennial and Gen Z homebuyers said it was “important” or “extremely important” that they be able to refinance their homes in the
Young buyers’ risky refi gamble: A looming problem? Read More »
Homeowners already stretched by high mortgage payments may be strained even more by another escalating expense: homeowner’s insurance. The average premium for a new policy has climbed to $1,966 in 2025, a 9.3% jump from last year and more than 61% higher than five years ago, according to online insurance agency Matic. At the same
Homeowners paying more for less insurance Read More »
After several years of sharp hikes in premiums and coverage challenges, the U.S. home insurance market is showing early signs of stabilization, according to a new report from digital insurance agency Matic. Affordability remains a top concern, with climate events, deductibles and aging roofs all playing a role in shaping the current landscape. Premium growth
Home insurance rates have jumped 45% since 2022 Read More »
Texas-based Goosehead Insurance and Baird & Warner Real Estate have launched a new franchise partnership that will embed home insurance options directly into the real estate transaction process. The venture — named Adaptive Insurance Agency — offers homebuyers access to a broad selection of insurance carriers and guidance from licensed agents as part of their
Baird & Warner, Goosehead Insurance enter franchise partnership Read More »
A coalition of 20 state attorneys general have filed a lawsuit against the Federal Emergency Management Agency over its plan to shut down a major disaster mitigation program, arguing the move is illegal and puts communities at risk amid growing climate threats. The suit, filed in the U.S. District Court for Massachusetts, argues that the
20 states sue FEMA over cuts to disaster prevention program Read More »
A nearly $900,000 insurance check from State Farm failed to clear for more than a week, raising alarm for an Altadena, California, homeowner still displaced by January’s wildfires. Amelia McDonald, a veteran insurance defense attorney, deposited a check for $876,354.07 on June 30. But by July 9, the funds were still unavailable. A Chase bank
‘Insufficient funds’ delay State Farm wildfire check for nearly $900K Read More »
Rising property taxes, insurance payments and growing delinquencies are eroding the promise of long-term stability in homeownership, according to a new blog from Cotality. The post revealed that across the country, more people are starting to fall behind on their mortgages due to the post-purchase costs. These include property taxes and homeowners insurance, both of
Mortgage delinquencies are rising as homeownership costs pile up Read More »
Headlines that call Cape Coral, Florida, the “worst housing market in America” and liken it to precursors of the 2008 financial crisis have garnered discussions across the real estate industry. But local experts and data suggest the reality is far more nuanced. While a recent article from The Wall Street Journal highlighted falling home prices,
Agents say Cape Coral’s housing market is correcting, not crashing Read More »
(Bloomberg) –California, gripped by a housing shortage that is forcing families from the state, wants to build 2.5 million homes. But it’s running out of safe places to put them. Much of the land best suited for new housing — wind-swept, grassy hills surrounding the state’s major cities — now faces an extreme threat of wildfire, brutally illustrated by the Los
California is running out of safe places to build homes Read More »