In this report from the Mortgage and Structured Credit team, Lockton Re highlights headlines on dropping home prices in Florida, Texas, and parts of California, framing the conditions of the current housing market. Representing over 25% of the US housing market, these three states demand close observation. The report identifies Florida as the most concerning, where declining affordability, driven by rapid home price appreciation (HPA) and rising insurance, is suppressing demand and pushing inventory to a decade high.
Read the full report here (opens a new window).