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KBWP - Insurance Premiums And The Rising Cost Of Homeownership
Invesco KBW Property Casualty Insurance ETF
2024-06-01 06:00:00 ET
Summary
While the U.S. Consumer Price Index has seen a significant decline from its 2022 peak, the shelter component remains somewhat stubborn.
As mortgage rates remain high and as property values hover at their peaks, many continue to wonder when this piece of the inflation picture will roll over.
Homeowners’ insurance has increased nearly 34%, on average, in the U.S. in the last five years.