Louisiana's insurance crisis worsens housing market distress due to high premiums and limited coverage.
Louisiana's insurance crisis exacerbates housing market distress due to high premiums, limited coverage, and fewer options, leading to financial pressure on residents. The New Orleans area has the third-lowest home appreciation rate and the highest rate of underwater mortgages. Insurance costs impact all aspects of the housing market, pushing up monthly costs and forcing some homeowners to go without insurance.
July 07, 2024
3 Articles