The Residential Real Estate Crash Index Message Board

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Strategies & Market Trends : The Residential Real Estate Crash Index

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To: Les H who wrote (79689)	6/18/2007 2:38:13 PM
From: Les H	Read Replies (2) of 306849

Insurance premiums have doubled, or tripled in some cases, since Hurricane Katrina, which leaves homeowners and potential buyers feeling the financial squeeze. High insurance rates are pricing many first-time homebuyers out of the market and putting a damper on real estate sales in some areas of metropolitan New Orleans. Tammy Latour, an agent with Keller Williams Realty in Metairie, said insurance is now a predominant factor in the home-buying process. Buyers took affordable insurance for granted pre-Katrina and were primarily concerned with location and proximity to schools. Latour said buyers are paying average monthly premiums of $400. remodeling.hw.net Incredible Shrinking Houses Lure Home Buyers wmcstations.com

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