“Homes ‘Unaffordable’ in 99% of Nation for Average American”… This is a CBS News headline for a topic that has everyone—from politicians to property developers—highly concerned.
Sales is a tough job. But for those working in today’s housing market, with 30-year mortgage rates north of 7.5% and the median home price hovering just below $400,000, getting buyers to sign on the dotted line is a major challenge.
Is another home building bubble ready to burst? Are record-setting home prices primed for a steep decline? Is demand still outpacing supply or have conditions changed?
Builders are no strangers to 2-10 home warranties—and with good reason. This critical coverage is the only way to protect builders from the long-term risk of major structural claims.
The construction industry is a complex ecosystem with various stakeholders—each facing unique challenges, particularly when it comes to insurance needs.