CoreLogic: Sinkholes more common, costly than homeowners realize

Sinkholes are more common than most homeowners realize. And the hazard is one that insurance companies generally refuse to insure, according to real estate research firm CoreLogic.

There is sinkhole insurance as part of the breakdown in my homeowners policy, other here may want to check their policies and realize they are paying a few bucks extra every year for this. I argued to no success because I was shown proof that there have been sinkholes.

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A: CoreLogic research has shown that reconstruction cost values average close to 12 percent more than new construction costs. This is because newly constructed communities can benefit from material discounts and labor efficiencies that a contractor rebuilding a home does not have.

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The sinkhole problem (this is a real problem) in Florida isn’t going away. Actually it’s getting worse. Several residents were forced to evacuate their mobile homes after a new sinkhole opened up.

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You may need to purchase additional insurance coverage if your homeowners policy is lacking. Here are some of the more common items not covered by some homeowners insurance policies: Flooding. One of the most common omissions from a homeowners insurance policy is coverage for flooding.

CoreLogic’s latest Equity Report revealed that 675,000 US homeowners regained positive equity in their homes in 2017. This is great news for the country, as 95.1% of all mortgaged properties are now in a positive equity situation. "U.S homeowners with mortgages (roughly 63% of all the properties) have seen their equity increase by a total of $908.4 billion.

But depending on your situation you could pay more or less than average. Just how much relies on several factors that we will explore – including your deductible, the value of your home and belongings, your history of claims, and other variables such as the cost and age of your home.

Borrowers get some legal leverage in CFPB servicing rules [U.S. agency urges private lenders to ease automatic default rules on student loans] When parents or grandparents shoulder the legal. some lenders and loan servicers have borrowers jump through.

Spending per household on home services was up 17% in 2018 from 2017, according to HomeAdvisor’s newly released report, the "State of Home Spending Report," which focuses on home service spending. homeowners are spending more on home improvement projects than home maintenance projects, the report found.

In December, home prices rose 4.7 percent year-over-year, with an 0.1 percent change from November, according to CoreLogic’s latest Home Price Index (HPI). "Higher mortgage rates slowed.

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