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Housing Market

Documents to Keep Ready Before Buying Homeowners Insurance

Buying homeowners insurance is easier when you have the right information ready before requesting quotes. Insurers need to understand the property they are being...

7 Photos Homeowners Should Take to Support an Insurance Claim

When a home is damaged by a storm, fire, burst pipe, falling tree or another unexpected event, homeowners often focus on making repairs and...

USAA vs Farmers: 7 Things Homeowners Should Know Before Choosing

Choosing homeowners insurance involves more than finding the lowest annual premium. Homeowners need to consider how much it would cost to rebuild their property,...

Differences Between Landlord Insurance and Homeowners Insurance

Owning a home and owning a rental property may involve the same building, mortgage payments, maintenance responsibilities and exposure to property damage. However, the...

Why Homeowners Are Renovating Instead of Moving and What That Means for Household Debt

For years, moving was the natural solution when a home stopped fitting a household's needs. A growing family could move into a larger house. A...

Why Homeowners Shouldn’t Treat a HELOC as a Solution to Permanent Cost Increases

For homeowners with substantial equity, a home equity line of credit can feel like one of the most useful financial tools available. A HELOC can...

The New Homeownership Risk: When Your House Is Valuable but Increasingly Expensive to Insure

For decades, homeowners have generally viewed rising property values as good news. A home worth more than it was purchased for can mean greater net...

Why Insurance Is Becoming a Bigger Part of the Homeownership Financial Equation

For years, homeowners largely viewed insurance as a background expense. It was necessary. It appeared on the annual budget. Mortgage lenders required it. But compared...

Why High Income Households Can Still Become Overleveraged

High income is often treated as a form of financial protection. The assumption is understandable: if a household earns substantially more than the average family,...

Why More Homeowners Are Using Debt to Preserve Their Emergency Savings

For years, homeowners were generally encouraged to use available cash to avoid borrowing whenever possible. The logic was simple: if you have the money, why...

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