4 ms·
Yes because nobody can get fire insurance anymore. Which is required for a loan. The cal fair solution is 7-8 times the cost of traditional insurance.
by cranberryturkey 2y ago
Yes because nobody can get fire insurance anymore. Which is required for a loan. The cal fair solution is 7-8 times the cost of traditional insurance.
- toomuchtodo 2y ago> Stale inventory is growing fastest in Texas and Florida > In Dallas, 63% of listings sat on the market for at least 30 days in June, up from 52% a year earlier, the biggest uptick of all the major U.S. metros. It’s followed by four Florida metros: Tampa, where 70% of homes on the market in June had been listed at least 30 days without going under contract, up from 60%, Fort Lauderdale (77%, up from 68%), Jacksonville (70%, up from 61%) and Orlando (69%, up from 60%). > There are a few reasons Florida and Texas are seeing the biggest increase in unsold inventory. Those states are building more new homes than other parts of the country, adding to overall home supply at a time when demand is fairly slow due to high housing costs, including skyrocketing insurance and HOA prices. Additionally, some homebuyers who live in Florida–or are thinking about moving to Florida–are having second thoughts due to the increasing prevalence and intensity of climate disasters. Related: https://www.redfin.com/news/home-purchase-cancellations-june-2024/ https://www.redfin.com/news/home-purchase-cancellations-june... (“Cold Feet: Buyers Backed Out of Deals at Record Rate in June as Home Prices Hit All-Time High”)
- readthenotes1 2y agoI have relatives in Texas who own a concrete factory and they cannot hire enough drivers to pour the stuff down (they told me that you have to have a special driver's license and drug tests)