Homeowners reeling as staggering new cost sweeps across thousands of zip codes — here's what's behind the surge

In Hawaii, where insured property losses exceed $3 billion dollars, homeowners face rising insurance premiums as a result of climate disasters. Californians are familiar with this pain: State Farm and Allstate have already stopped offering homeowner policies in the state due to a combination of government-imposed rate caps, expensive reinsurance, a... See more

Both Boomers and GenX’ ers bought their homes for around 4.5 times their annual incomes. When Millennials entered the US workforce, they could buy houses for circa 5.5 times annual income. In the COVID emergency, the US Federal Reserve generously printed $6 trillion through QE policies, and since then house prices have jumped to some 7.5 times annu... See more

While millions more Americans have health insurance coverage as a result of the ACA, the system-wide costs of healthcare have continued to rise in the past decade. Insurance has born the brunt of that increase, although out-of-pocket costs have also risen, both on a raw dollars and per capita basis.

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BIGGEST METRO AREA HOME PRICE DECLINE SINCE THEIR 2022 PEAK:

-23.2% -> Austin, TX

-16.9% -> Punta Gorda, FL

-16.2% -> New Orleans, LA

-14.4% -> Lake Charles, LA

-12.2% -> Cape Coral, FL

-11.9% -> North Port, FL

-10.5% -> Boise City, ID

-10.2% -> Phoenix, AZ