The average annual property insurance payment for single-family mortgage holders has reached nearly $2,370 per year, according to new data from ICE Mortgage Technology. This sum accounts for 9.6% of average monthly mortgage-related expenses when factoring in...
The Wall Street Journal is reporting that Fannie Mae (OTCQB: FNMA) maintains a “secret blacklist” of condominium communities that makes it difficult, if not impossible, for these properties to get a mortgage. The new report claims the blacklist “includes condo...
The average annual property insurance premium among mortgaged single-family homes rose by a record $276 in 2024 to $2,290, a 14% year-over-year climb, according to a data report from Intercontinental Exchange Inc. (NYSE:ICE). Premiums are now up by 61% over the last...
State Farm General Insurance Co. announced it will not be renewing 72,000 property insurance policies in California. In a statement on its website, the Bloomington, Illinois-headquartered carrier stated it “had to make some difficult but necessary decisions that will...
A Phil Hall Op-Ed: This past weekend, I saw an interview in DailyMail.com with the media-prominent financial advisor Suze Orman regarding property insurance premiums. Orman complained about the $28,000 quote that her insurer gave on her 2,100-square-foot oceanfront...
Pending Home Sales Slide to Nearly Three-Year Low as Buyers Pull Back
