by Calculated Threat on 10/07/2024 11:42:00 AM
As we speak, within the Actual Property Publication: ICE Mortgage Monitor: Insurance coverage Prices “Spike”, Particularly in Florida
Transient excerpt:
The most important insurance coverage will increase are in Florida (for apparent causes – keep protected this week with Hurricane Milton).
• Whereas month-to-month principal, curiosity, and property tax obligations are up a mean 15-17% because the starting of 2020, the common month-to-month property insurance coverage fee is up a whopping 52% over that very same interval
• In New Orleans, in addition to Florida markets comparable to Deltona, Jacksonville and Cape Coral, month-to-month property insurance coverage funds elevated greater than 80%
• Premiums additionally surged in areas with rising house values, together with Utah; Boise, Idaho; and Midwest/Jap Slope markets like Omaha, Denver and Colorado Springs, which have confronted elevated dangers from tornados and hail harm
“Annual price growth slowed to +3.0%”
There’s way more within the e-newsletter.
