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Home Affordability in the US Sinks to Lowest Point Since 2007

Owning a house is less affordable for average earners in the US than at anytime in 17 years.The costs of a typical home — including <-bsp-bb-link state="{"bbHref":"bbg://screens/MP","_id":"00000190-76ca-d0b4-afdb-77ff064c0000","_type":"0000016b-944a-dc2b-ab6b-d57ba1cc0000"}">mortgage payments-bsp-bb-link>, property insurance and taxes — consumed 35.1% of the average wage in the second quarter,...

San Diego summer fires cause home insurance jitters

City of San Diego posts map with risky areas in red The 1985 Normal Heights fire destroyed 76 houses and damaged 57. While there were fires all over the county on July 1, including areas by and in Mount Hope, Jacumba, Lake Morena, San Diegans...

State Farm seeks ‘massive’ insurance rate hike for California homeowners – Orange County Register

State Farm is again seeking to raise California homeowners’ insurance premiums — this time by an average 30%.The insurance giant, the largest provider in the state, is asking regulators to approve what would appear to be its steepest-ever rate hike in California, affecting...

Property insurance companies are facing lower costs – Marketplace.org

Global reinsurance rates are declining, which could save home insurers money; Boeing to recombine with Spirit Aerosystems; California law to take ... Source link

Minimum wage workers in Florida must work nearly 100 hours a week to afford housing: report

Video above: Florida property insurance concerns TAMPA, Fla. (WFLA) — Finding affordable housing in Florida seems to be a near-impossible task, and for those working for minimum wage, it may feel like a never-ending struggle. A new report from the National Low Income Housing...

Few have flood insurance to help recover from devastating Midwest storms

SOUTH SIOUX CITY, Neb. -- Rick Satterwhite's house backs up to the Missouri River, but flood insurance hadn't really seemed necessary -- until this week, when he had to pump water out of his basement after a round of destructive storms. It's not the...