Mindblown: a blog about philosophy.
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The price of home insurance is skyrocketing in Texas. What can be done?
Homeowners in Texas face rising property taxes and soaring home insurance costs, with rates increasing by an average of 21% in 2023, driven by inflation and climate change-related weather events. Since 2017, insurance rates have steadily climbed, with significant spikes following Hurricane Harvey and in 2022 due to rising reinsurance costs. One in six homeowners…
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Climate Change Is Driving Texas Home Insurance Through The Roof
Texas has the third-highest home insurance rates in the U.S., following Florida and Louisiana, primarily due to climate change increasing storm frequency. Home insurance rates in Texas rose 14% from 2022 to 2023 and 77% since 2014. Homeowners must also purchase separate windstorm and flood insurance, adding to costs. Texas lacks strict regulations, allowing insurers…
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Will Housing Affordability Grow in Texas by 2026?
Home price growth will slow, with some areas seeing minor declines; no housing crash is expected.Interest rates are predicted to stay low, encouraging refinancing and new home purchases.
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How to Search for Unclaimed Property in Texas
Texas holds over $9B in unclaimed property, ranging from small amounts to millions. Search for unclaimed property at claimittexas.gov by entering your name, including maiden names or misspellings.
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Una Predicción Para 2025: ¿Qué Sigue Para Las Tasas Hipotecarias a 30 años?
Se espera que las tasas hipotecarias disminuyan gradualmente, alcanzando alrededor del 5.1% para diciembre de 2025. Es probable que la Reserva Federal reduzca la tasa de fondos federales de manera constante hasta finales de 2025.
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6 ways to get the lowest rate on your next mortgage
To secure the best mortgage rate, focus on improving your credit score, increasing your down payment, and comparing multiple offers from lenders. A credit score of 760 or higher typically yields the best rates. A down payment of at least 20% can help avoid private mortgage insurance (PMI). Additionally, waiting for market rates to drop…
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Texas Rent Remains Below National Average at $1,692
Texas' median rent stands at $1,692, below the national median of $1,865. Texas' rent for a 2-bedroom home averages $1,617, lower than the national avg of $1,798.
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Texas Sees 12.7% Seasonal Shift in Home Prices
Texas sees ↓ 12.7% seasonal change in home prices, from peak summer to winter months, based on a 10-yr avg. The seasonal change in Texas home prices is higher than the US avg of 11.5%.
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Texas Multifamily Deals: Find the Perfect Cap Rate
Cap rates in Texas multifamily markets range from 4.75% to 5.25%, drawing intense investor interest.Cap rates reflect the balance of risk, potential rent growth, and asset valuation in multifamily investments.
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Ending ‘File-and-Use’: Texans’ Insurance Relief?
Texans face rising home insurance rates as premiums increase due to more frequent disasters and inflation. Key Texas lawmakers consider overhauling the state’s insurance regulation system, aiming to provide relief for homeowners.
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