For a clearer glimpse into what first-time homebuyers are experiencing, Poin2 analyzed the number of years it would take for the average renter to save up for the upfront costs required to buy, as well as how many years it would take to cover the full cost of the first year of homeownership in the top-100 metropolitan real estate areas.
Read More »Disaster-Prone Areas Remain Popular, But Finding Insurance Is Another Story
States including Florida, Texas, and Arizona exploded in popularity despite increasing climate change risk from storms, drought, wildfires, and extreme heat—but some insurance companies are pulling out of these markets.
Read More »Average Monthly Payment on New Mortgages Reaches $2,317
Due to persistently high home prices, new homebuyers may shell out costly amounts for their mortgage payments, as a new study from LendingTree reveals that the average nationwide payment on a new mortgage has reached $2,317 a month.
Read More »Measuring Homeowners Disaster Preparedness
While 61% of Americans believe they will be impacted by natural disasters, how many are taking the necessary precautions to protect themselves and their homes?
Read More »Rising Unemployment Leading to Increased Risks For Homeowners
With many states experiencing a backlog of unemployment claims, many borrowers may not be receiving the assistance they need.
Read More »Fannie Mae Finalizes $18.5B Credit Insurance Risk Transfer
To date, Fannie Mae has committed to acquire approximately $10.6 billion of insurance coverage on $404.6 billion of single-family loans through the CIRT program.
Read More »The Home Insurance Blind Spot
A new report examines homeowner concerns about damage from natural disasters, but finds that a surprising number of respondents aren’t even sure if they’re insured.
Read More »How Prepared Are Homeowners to Face Storms?
A new survey found that residents in states at a high-risk of hurricanes believed they were prepared for storm damage. But the reality could be something else.
Read More »How Natural Disaster Impacts Home Values and Appraisals
Here's why many homeowners may seek an appraisal after their home is hit by natural disasters such as hurricanes or wildfires.
Read More »Responding to Increased Flood Risks
In response to increased risks of flooding and natural disasters across the nation, the FInancial Services Committee held a hearing to re-evaluate the National Flood Insurance Program.
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