From Yahoo Finance: 2025-06-07 08:35:00

The housing crisis in America is a hot topic, with Mark Cuban pointing out that home insurance rates in disaster-prone areas will be a major affordability issue. Rising costs of labor and materials, combined with climate change, are driving up insurance rates, making it crucial for homeowners to ensure adequate coverage.

Insurance rates have surged due to inflation and climate change, posing a challenge for homeowners. Major insurers have limited exposure in disaster-prone regions like Florida, leaving some homeowners without coverage. It’s essential for homeowners and potential buyers to understand the risks and prepare for the cost of protection.

Lowering home insurance costs may seem challenging, but shopping around for better deals is still possible. Investing in resilience measures for high-risk properties can also lead to premium discounts. Borrowers who seek multiple rate quotes can save significantly, and state-backed insurers can provide a safety net for those struggling to find private coverage.

For those looking to invest in real estate without the hassle of owning property, platforms like Homeshares offer access to the U.S. home equity market. Accredited investors can gain exposure to owner-occupied homes with attractive returns, while crowdfunding platforms like Arrived allow non-accredited investors to enter the real estate market with minimal investment.

Read more: Mark Cuban says this will be the ‘No. 1 housing affordability issue’ for Americans