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P R O P E R T Y / C A S U A L T Y   F O C U S

Trends in Home Ownership Affect Insurance Costs

By Janet, E.H. Wright, ABC, APR

Fueled by low mortgage rates, new housing construction is booming at the same time housing costs are soaring. Meantime, the home improvement business has never been as profitable as other segments of the housing market rehab existing homes in lieu of paying skyrocketing prices for new homes. Property is increasingly the investment vehicle of choice in these tumultuous financial times following 9/11. The trend of people moving from renting to buying is gaining momentum.

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