Unexpected home insurance issues can derail even the most promising transactions. Whether it's discovering that a property is uninsurable or facing delays due to policy underwriting, insurance challenges require proactive solutions. On top of that, the home insurance industry is at a crisis crossroads of growing costs and shrinking approvals. Join Denise as she discusses common insurance pitfalls, expert advice on how to handle them, and how to prepare clients to get a head start on getting dealing with insurance providers.
In this episode: will mortgage rates be affected if the feds raise rates, mortgage rate updates, effect of homeowner insurance companies leaving Florida and California, homeowner incentive to move, median sales prices climbing again, days-on-market remain low and robust, SFR new construction permits continue to decline nationwide, two-story homes remain popular nationwide, supply chain problems continue to slow new construction, inflation and the Consumer Price Index, job growth less than expected in June, sad sellers and offer review dates, opportunities for buyers in aging inventory, and answers to your questions.
This month at Market Survival Guide: Home insurance turbulence, mortgage rates vs inflation update and analysis, existing home sales retreat due to lack of market inventory, regional housing market analysis, new construction, lending rates harming builder confidence, home permits update, economic news, Americans falling behind on credit debt, and opportunities for real estate agents.
This month in Market Survival Guide: Federal Reserve quarter-point federal interest rate cuts, national listing analysis and activity, regional market update, housing insurance issues, SFR permits, CPI continues to increase, mortgage rates move downward, employment and economy update, opportunities for buyer and seller agents during the holidays, and answers to your questions.
The insurance industry is getting stretched thin with big increases in the frequency of large disasters - and becoming choosier about who and how they insure homes. This is adding time and other factors to the home buying process. Educate your potential buyers with this timely article on a topic that impacts everyone.