‘Underinsurance’ threat looms in disaster-prone areas

An uptick in reconstruction costs in certain disaster-prone areas means many homeowners may find themselves inadequately insured for the next catastrophe. Reconstruction costs have risen by 5.6 percent to 7.6 percent in some areas over the last year, according to CoreLogic’s 2019 Insurance Coverage Adequacy Report. CoreLogic examined potential underinsurance issues in four regional scenarios,

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Shadow Inventory Stabilizes As Investor Sales Offset Strong Flow Of New Foreclosures

A Core Logic research report on Shadow Inventory indicates about 2.3 million units currently in inventory. Shadow inventory is a term used to describe single family homes that are usually vacant and bank owned. For various reasons, the home is not being actively offered for sale.

US Real Estate Prices Continue to Tumble

According to the Core Logic Home Price Index, newly released figures for January 2011 show that the prices for US residential homes fell for the sixth month in a row, and are now worth 5.7% less than they were this time last year.

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