Fourteen months after California’s Palisades wildfires destroyed nearly 5,900 homes, the first fully rebuilt residence has come to market, offering the clearest pricing test yet for post-fire demand. The newly built contemporary home — listed at just under $7.5 million — comes after the original was just one month from completion when it was destroyed. […]
First fully rebuilt Palisades home testing post-fire demand Read More »
More than 43.5 million U.S. properties are at moderate or greater risk from hail damage, representing about $17.84 trillion in reconstruction cost value, according to Cotality’s 2026 Severe Convective Storm Risk Report released Tuesday. The report finds that hailstorms are emerging as one of the most financially destructive natural hazards for the housing market, with
Hail risk to homes is on par on with major hurricane threats Read More »
Enjoy complimentary access to top ideas and insights — selected by our editors.Want unlimited access to top ideas and insights? Subscribe Now Last week, Federal Housing Finance Agency Director Bill Pulte announced that the GSEs were rolling back roof insurance requirements for condo buildings to allow them to purchase actual cash value (ACV) policies instead
Pulte got the condo insurance call right Read More »
Deltec Homes, an Asheville, North Carolina-based builder of prefabricated, round houses, says its designs can withstand the extreme wind loads associated with a Category 5 hurricane. CEO Meg Gore said the company’s circular footprint and roof system reduce pressure points that can lead to structural failure in high-wind events. “Round really works with nature, instead
Why these round homes are resilient to hurricanes Read More »
Fannie Mae and Freddie Mac on Wednesday announced updates to condominium project standards and property insurance requirements for one- to four-unit properties and project developments, with a stated goal of reducing costs for homeowners. “We are replacing a disruptive and expensive Biden insurance mandate with commonsense policies for today’s market,” Bill Pulte, director of the
Fannie Mae, Freddie Mac revise condo insurance standards Read More »
The Federal Housing Finance Agency and the government-sponsored enterprises have opened up some new insurance options for borrowers, departing from a strict coverage mandate for single-family homes. Processing Content Fannie Mae, Freddie Mac and the agency also known as US Federal Housing, partially relented on “replacement cost only” rules. Roofs no longer need to be
FHFA loosens insurance rules targeting condos, rural loans Read More »
US home insurance premiums are set to rise for a fifth straight year in 2026 as insurers grapple with losses from extreme weather and high rebuilding costs. Processing Content The average annual premium is projected to increase 4% to about $3,057 this year, after jumping 12% in 2025, according to Insurify, an online insurance comparison site. The expected gain follows several years
Home insurance prices set to keep rising with severe weather Read More »
Property insurance startup Rhino is looking to help real estate agents and their clients assess insurability and find insurance for properties in areas facing high rates of climate disaster risk. To achieve this goal, Rhino, an insurance brokerage that specializes in securing insurance policies for climate-risk exposed properties in California, has launched DealShield. The software
Rhino targets climate risk home insurability in California Read More »
Homeowners are feeling the weight of surging tax and insurance costs, and first-time buyers are sometimes waking up to unpleasant surprises when they see the bill, according to a new analysis. Processing Content Property taxes and homeowners insurance costs now make up an average of 21% of monthly mortgage payments across the U.S., according to
Taxes, insurance eat 21% of mortgage payments Read More »
Fairway Independent Mortgage Corp. is entering the home insurance market, offering products at origination through a new partnership with The Baldwin Group. Processing Content The two companies announced the launch of the home lender’s new affiliated business Thursday, with Fairway utilizing embedded proprietary technology belonging to the insurance brokerage and advisory firm. The new business will
Fairway moves into home insurance at origination Read More »