Sean Valdez

Across the US, 41 of 50 major metros were buyer's markets, with longer listing times, price cuts, and concessions, yet affordability still stayed strained.
The national avg. comparison showed renting the same median home cost ~$2.4K monthly versus ~$3.3K to own, while preserving an ~$88K down payment.
Current demand signals stayed selective: first-time buyers hit a record low nationally, and the median US home buyer age reached 56 recently.
Policy responses aimed to unstick the market through faster appraisals, down-payment savings support, mortgage-bond purchases, and limits on government financing for investor buyers.
Next signals to watch: inflation, jobs, and inventory. Calmer inflation and steady employment could ease mortgage pressure, while more listings could improve buyer options.

U.S. Housing Costs Need a Closer Look

In the US, coverage needs start with your home’s rebuild cost, not purchase price. Lenders typically require dwelling protection based on replacement cost.
Dwelling coverage protects the home, attached features, and major systems. Other structures coverage usually adds ~10% of dwelling limits for detached property.
Personal property coverage usually equals ~50%-70% of dwelling limits. Inventory belongings and consider scheduled coverage when jewelry, collectibles, or other valuables exceed standard caps.
Liability coverage can help with injuries, damage, and legal costs, while loss-of-use coverage helps pay temporary living expenses if a covered claim displaces your family.
Standard policies can offer named-perils or open-perils coverage but still exclude floods and earthquakes. Review deductibles and endorsements for likely gaps carefully.