For a dozen years – from 2004 through 2016 – the number of owner-occupied homes in the U.S. was virtually unchanged at about 75 million, even though the population grew by more than 30 million during that time span. In the same period, the number of renter-occupied residences spiked – from about 33 million to about 43 million. Both trends persisted through the Great Recession, and on into the recovery, during which time mortgage interest rates plummeted, and many homes went on the market at bargain rates, thanks to foreclosure or short sales.
The implications of these trends for the homeowners and renters insurance exposure bases are easy to see: very little...
[Read More ...]
Having a problem with an insurance damage claim? ClaimsMate.com/
Increase in owner-occupied homes leads to growing insurance exposures was originally posted by ClaimsMate.com Insurance Information Resources
No comments:
Post a Comment