Federal Reserve Bank of Minneapolis: 'Rising Property Insurance Costs Stress Multifamily Housing'
March 19, 2025
March 19, 2025
MINNEAPOLIS, Minnesota, March 19 -- The Federal Reserve Bank of Minneapolis issued the following analysis on March 4, 2025, by Christina Spicher and Libby Starling entitled "Rising property insurance costs stress multifamily housing":
Here are excerpts:
* * *
In conversations with Federal Reserve Bank of Minneapolis staff members in late 2023 and early 2024, owners and operators of multifamily rental housing shared anecdotes of dramatic increases . . .
Here are excerpts:
* * *
In conversations with Federal Reserve Bank of Minneapolis staff members in late 2023 and early 2024, owners and operators of multifamily rental housing shared anecdotes of dramatic increases . . .