US home insurers suffered their worst underwriting loss this century in 2023, hit by a toxic brew of natural disasters, high inflation, and rising populations in high-risk areas, putting pressure on financial markets.

US home insurers grapple with record losses amid rising natural disasters and inflation

The US real estate market witnessed a significant downturn in existing home sales in 2023, reaching the lowest levels since 1995. The National Association of Realtors reported a stark contrast from the previous year, with sales dropping to nearly 4 million from 2022's 5 million.

US home sales nosedive to 1995 levels

In September, sales of new single-family homes in the United States reached a 19-month high, driven by falling median house prices. According to Reuters, the annual median house price experienced its most significant drop since 2009, largely due to incentives offered by builders to attract buyers.

US new home sales surge to 19-month high amid falling prices and rising mortgage rates

Sales of existing homes in US is at its highest level since 2006 as the housing market recovers from a widespread shutdown in the spring brought on by the coronavirus outbreak.

Housing market is gaining momentum in US, highest home sales in 14 years

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US home insurers grapple with record losses amid rising natural disasters and inflation

US home sales nosedive to 1995 levels

US new home sales surge to 19-month high amid falling prices and rising mortgage rates

Housing market is gaining momentum in US, highest home sales in 14 years