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 […]
If you have lost your job, seen your hours cut or are simply struggling to pay your bills during the pandemic you are not alone. Millions of people have had to skip payments on everything from mortgages and auto payments to their insurance bills. The insurance industry, as well as some state insurance departments are […]
Amidst the coronavirus pandemic, many people are spending much more time at home, working from their home office or sheltering in place. One issue that could crop up over the duration of the virus is liability issues and whether or not your homeowners insurance will cover various liability issues. Let’s have a quick look at […]
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 […]
Homeowners across the country are suffering as unemployment climbs across all industries, making it difficult for many homeowners to cover all of their bills. The Federal government, as well as some private mortgage companies are offering a bit of help by allowing some homeowners to apply for mortgage relief. While this sounds great, there can […]
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 […]