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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.

Insurance 370
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Will Springer Realtor - Untitled Article

Will Springer Realtor

Builders are trying to catch up and, according to federal officials , there are more housing units under construction today than at any time in the last 50 years. more people – or another two Seattles – in our region by 2050.Even The favorable boost in supply is the result of fewer buyers and sellers compared with most spring seasons.

HOA 36
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A CALL FOR MORE ACCESSORY DWELLINGS AMID HOUSING CRUNCH

Will Springer Realtor

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. Note: All data is sourced from the Northwest Multiple Listing Service, which excludes sales of new construction homes. Looking for a sweet deal on a new-construction condo?