Mortgage rates have been trending lower for the last several months. But there's one cost that just seems to keep rising: home insurance.
Content creator, podcaster, and "In This Economy?" author Kyla Scanlon joins Madison Mills on Market Domination Overtime to highlight the increasing price tag for home insurance. Scanlon outlines "a perfect storm for home insurance" as costs rise, especially in states like California and Florida where extreme weather and climate events ravage communities.
For those purchasing homes in the attempt to live the American Dream, Scanlon says it is instead turning into the "American Nightmare."
For more expert insight and the latest market action, click here to watch this full episode of Market Domination Overtime.
This post was written by Ivana Freitas.