California Fire Insurance Costs Surge, Fueling Homeownership Crisis

The rising expense of fire insurance in California adds to the already high cost of living in the state. With an increase in wildfires, skyrocketing insurance premiums are a significant obstacle for prospective homebuyers and those seeking home loans, exacerbating the housing affordability crisis. #americasnow #features #californiafires #californiarealestate #costofliving Watch CGTN LIVE on your computer, tablet or mobile https://www.cgtnnow.com/featured/events/cgtn-live-now-1 Subscribe to CGTN America on YouTube Follow CGTN America: X: @cgtnamerica Facebook: @cgtnamerica Instagram: @cgtnamerica TikTok: @cgtnamerica This material is distributed by MediaLinks TV, LLC on behalf of CCTV. Additional information is available at the Department of Justice, Washington, D.C.