Why House Payments Will Likely Soar Along With Rising Insurance Rates

October 15, 2023

Orange County Register, Oct. 13, 2023–Jeff Lazerson
Real estate agent Mike Cambra got a surprise from a Rancho Mission Viejo, Calif. homebuilder sales agent last April. Due to the increased fire insurance charges, his clients — who were under contract and waiting for their new condo to be built — would have to accept a $547 monthly HOA increase if they still wanted to seal the deal.
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