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Insurance carrier exodus rattles California and Florida housing markets

Housing Wire

I do a lot with new construction and homeowners’ insurance is cheaper on new builds because they are brand new,” Williams said. In announcing their departure from the Golden State, the two major insurers cited the increased wildfire risks in the state and rising construction costs.

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1.2 million homes face wildfire risk in California

Housing Wire

Depending on greenhouse-gas emissions scenarios, average annual loss projections could increase 31% to 41% in California by 2050, and roughly 40% to 50% in Colorado. In June, insurance giants State Farm and Allstate pulled out of California’s home insurance marketplace, citing mounting construction costs.

Insurance 301
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Opinion: why we all have a stake in closing the homeownership gap

Housing Wire

Demographers estimate that by 2050, the U.S. The relationship between diversity, economic growth, housing and GDP The housing market is large and varied. New construction, resales, refinances and home improvements account for approximately 16% of the U.S. population will become majority-minority. Decades ago, U.S.

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Rural America is losing affordable housing at a crisis pace

Housing Wire

It now faces a wave of mortgage maturities and payoffs on the thousands of affordable-housing complexes it has helped to finance over the years — with no new construction carried out under the program since 2012. I think in a healthy housing market, you have to have both new construction and preservation efforts,” Maxwell said. “We

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A CALL FOR MORE ACCESSORY DWELLINGS AMID HOUSING CRUNCH

Will Springer Realtor

What is true is that every time we lean in and face the headwinds of economic weakness the housing market is a welcome refuge.As A climate-risk assessment published by the Risky Business Project estimated that between $66B and $160B worth of real estate will be below sea level by 2050. Everett claimed the No. CONDO NEWS.