According to the most recent data, roughly 4.75 million homeowners are in forbearance and more than 41 million Americans have filed for unemployment which makes it hard for many homeowners to keep up with some expenses related to their home such as property taxes and homeowner insurance. All of the uncertainly has led to increased […]
According to credit bureau Experian, the average credit score of women is now the same as the average score for men. The average score for both is currently 705 which represents a a one-point increase since the second quarter of 2019 for women and a 10-point increase for both men and women since the second […]
While job losses mount and home sales plummet due to COVID-19, lenders are tightening mortgage requirements, making it more difficult to purchase a home. In addition to stricter mortgage requirements, the virus may change how Americans buy and sell homes in the future. As the pandemic continues, it could end up transforming how real estate […]
According to a new report by the McKinsey Global Institute, real estate values in Florida will continue to drop due to climate change and rising sea levels. The report found that real estate values have already dropped by an estimated $5 billion dollars and that number could climb to $80 billion over the next 30 […]
New Jersey residents may see some relief from insurance premiums due to COVID-19 pandemic. Recently, the New Jersey Department of Banking and Insurance ordered insurers to provide financial relief to residents and businesses. The guidance was signed last week by Governor Phil Murphy and extends the grace periods during which insurance companies will not be […]
As most of the country has fallen under a shelter in place orders, personal travel has declined dramatically. According to data from Inrix, a traffic data analytics company, since late March to early April personal travel traffic in the U.S. dropped 47% compared to traffic in late February. In recent days and weeks, some of […]
Aerial view of Atlantic City, New Jersey, overlooking Atlantic City Boardwalk and pier. In a recent announcement, New Jersey Gov. Phil Murphy revealed the details of a 90-day grace period for mortgage payments for all New Jersey homeowners that have been financially impacted by the outbreak of the coronavirus. This will allow New Jersey residents […]
Beautiful sunset view of Front Street in Beaufort, the third-oldest town in North Carolina, located in Carteret County North Carolina residents could be some of the first in the country to have a state backed private flood insurance policy as an alternative to the Federal Emergency Management Agency’s National Flood Insurance Program. Insurance Commissioner Mike […]
A beautiful view of the Islamorada coastline. Also known by Florida homeowners as the highest homeowners insurance rates in the country. According to a recent Insurance.com rate analysis, the highest homeowner insurance rates in the country are in zip code 33070 which encompasses Islamorada Village of Islands, on Plantation Key in Florida. Second place in this dubious honor […]
Despite the fact that the coronavirus pandemic is not going to damage or destroy your home like a tornado or hurricane it may have an impact on how you pay for the policy, coverage levels and how you make a claim. Here are just a few issues that may crop up with your homeowners or renter’s […]