CategoryInsurance/Natural Disasters

Housing Markets After A Fire Or Congestion Pricing

Housing Markets Following An Adverse Event Tend To See Rising Prices LA's Rebuilding Effort Will Be Hampered By Slow Permitting And A Broken Insurance Industry Property Vultures The Swoop In For Deals Are Probably On The Margin A housing market after a catastrophic event such as a fire, flood, tornado, or significant tax event tends to pause with much fewer sales. Yet, prices usually don't...

LA: Both Ends Burning

The LA Wildfires Will Be The Largest U.S. Fire Event On Record Don't Blame The Insurance Carriers They Can't Provide Coverage If Insolvent State Farm Cancelled 69% Of Pacific Palisades Policies Earlier This Year When I saw the early images of the LA wildfires and I learned about all the homes destroyed, the hit song by Roxy Music, "Both Ends Burning," popped into my mind. My social media feed has...

It’s A Perfect Storm When PITI Becomes PITIHOA

It's Not Just Principal/Interest. All Homeownership Costs Are Rising. Mortgage Rates Are Not Expect To Fall Much, If Any, In 2025. With Migration Surging Into FloodProne Locations, Obtaining Insurance Becomes Key Issue. I hope all my Housing Note readers are enjoying the holidays with family and friends. I'm visiting my wife's family in the empty Macadam parking lots of strip malls in the din of...

Climate Risk As An Amenity

• First Street Shares Its Climate Risk Data With Redfin, Now Zillow
• Climate Risk Data Is Evolving To Be More Understood By The Consumer
• Measure Of The Climate Risk Impact On Individual Properties Becomes Empirical

Thinking About Milton

• 2024 Is Shaping Up To Be The Most Expensive Year For US Disaster Clean-Up
• The Frequency And Intensity Of Natural Disasters Is Ramping Up
• The Cost And Availability Of Insurance Will Have A Profound Impact On Housing

Florida Gulf Coast Housing Was Rocked Like A Hurricane

• FEMA Enables Home Construction In High-Risk Areas By Pricing Out The Private Insurance Sector
• Sales And Prices Generally Normalize One Year After The Catastrophic Event
• More Affluent Consumers Enter The Impacted Housing Market