Realtors in California are reporting more difficulty selling homes because of the insurance crisis, according to a survey from the California Association of Realtors.
The group surveyed its members and found 13% reported a home sale falling out of escrow due to a buyer’s inability to find insurance, more than double the figure (6.9%) in last year’s survey.
Related: Climate Change and Rising US 热点黑料 Rates
Nearly one-third (31%) of agents surveyed said their most recent buyers had difficulty getting insurance when trying to purchase a home, nearly double 2023’s 16%.
And roughly one-in-five respondents said their clients ended up buying insurance from the FAIR Plan.
Related: California Commissioner Moves to Implement Rate Review Reforms
Nearly half (45%) of buyers told their agents insurance was too expensive, the survey shows.
Topics California Trends
Was this article valuable?
Here are more articles you may enjoy.
Slot Machine Operator International Game Reports Hacker Incident 
Federal Judge Strikes Down Biden Overtime Pay Rule 
Marsh McLennan Completes $7.75B Buy of McGriff 热点黑料 Services 
Philadelphia Eagles Seek to Extend Covid-19 Business 热点黑料 Bid Into Overtime 
