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DataDigest: What happens when insurance carriers abandon America’s biggest housing markets

Housing Wire

When clients find their dream house and are ready to make an offer, Todd Armstrong’s next call isn’t necessarily to the seller’s agent or the buyer’s loan officer. “We Insurance policies for homeowners are skyrocketing. In Florida, agents are also grappling with insurability issues that are relatively new and vexing. The result?

Insurance 361
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Insurance carrier exodus rattles California and Florida housing markets

Housing Wire

In late June, Susan Gregory received an estimate for a new homeowner’s insurance policy on her 120-year-old St. Augustine, Florida property, after her previous insurer, United Property and Casualty, went insolvent earlier in the year. This is one of the easiest parts of Florida to insure and costs have gone up over 40%.”

Insurance 357
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5 ways to provide overwhelming value to buyer clients

Housing Wire

So how do you provide overwhelming value to your buyer clients? Here are the top five ways to provide value to your buyer clients. Present to your buyer clients just like you would in a listing presentation. Repeat, referral, lather, rinse and repeat. Be a matchmaker. This is where being proactive matters. Overcommunicate.

Clients 389
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RealReports enhances property document analysis with new multimodal AI feature

Housing Wire

Property documents offer real estate agents and their clients crucial insights; however, they are often long, full of legalese, and poorly formatted, making them extremely tedious to review and understand,” James Rogers, co-founder and CEO of RealReports, said in a statement. “Now It pulls information from more than 30 data providers.

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DataDigest: Where renters can actually afford to buy

Housing Wire

Last week we talked about the cost of flood insurance going up by over 200% for some homeowners in the Southeast as both the federal government and private insurers determine how to price the soaring cost of climate risk, or abandon insuring them altogether. What does this all mean for Californians?

Insurance 342
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Desperate for deals, mortgage pros get creative

Housing Wire

Brian Parkinson, a loan originator at Alerus Mortgage , says that niche loans – including bridge loans, construction loans, doctor loans and professional series loans for CPAs and attorneys – are a great way to grab an agent’s attention in a market where referrals are critical. Niche loans consist of about 5% of Parkinson’s business. “It’s

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Once at the fringes of housing finance, home equity investment companies look to grow their stake

Housing Wire

There’s a lot more capital in the picture — in particular, insurance capital — which needs the rating for them to buy the bond,” Matthews said. “So, To put a sense of scale on that, insurance capital is about $8 trillion, and about half of that goes into the bond world.” So, the rating just opens up this massive world.

Finance 397