Securing homeowners’ insurance is reshaping the homebuying process itself. Premiums are rising, carriers are pulling back from entire states and buyers are increasingly discovering, sometimes days before closing, that the home they plan to purchase is either too expensive to insure or cannot be insured at all. What was once a routine, last-step check is…
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To my shock, housing demand rebounded last week even though the war with Iran continues and mortgage rates are higher today than before the war started. Last week is one of the more positive reports since I started writing the Housing Market Tracker at the end of 2022. Everything I want to see in our…