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News
Adding to Texas housing affordability challenges are soaring home insurance prices
2+ hour, 28+ min ago (362+ words) Premiums have surged 30% in Texas in the past five years, while median income has only grown 3%, a study by the Kinder Institute for Urban Research at Rice University found. The number of cost-burdened U.S. homeowners — those who spend more than 30% of…...
US homes are becoming uninsurable, study says. Here are 3 things states can do.
5+ mon, 2+ week ago (229+ words) As natural disasters drive up home insurance costs, states are in a position to curb a looming insurability crisis, a Natural Resources Defense Council report says. The United States is on the verge of a “home insurability crisis,” according to…...
State Farm homeowners insurance rates to surge 27% in Illinois
11+ mon, 4+ week ago (326+ words) The move is part of a nationwide trend of premium hikes that’s making housing even less affordable. Home insurance premiums in the U.S. soared 57% from 2019 to 2024, according to Harvard University’s Joint Center for Housing Studies, citing data from the Federal…...