Homeowners devastated as unforeseen factor drives down property values: 'The new reality'

Homeowners devastated as unforeseen factor drives down property values: 'The new reality'

Rising home insurance costs are not only pricing out homeowners who cannot afford the rate increases, but they are also driving home values down.  What's happening? As NPR observed, homeowners across the United States have watched their home insurance rates soar as property damage from more frequent and intense extreme weather events becomes more common.  Home insurance, which typically helps homeowners cover the cost to rebuild after a property…