Insurance Rate Hike

This doesn't just affect people who are currently paying the premiums.

Even if i was interested in selling my Slidell house today (which i am absolutely not), my market of buyers is increasingly limited.

If a buyer only has a finite number each month to reasonably budget towards a mortgage note (P&I, plus tax escrow, plus insurance premium escrow, plus the PMI many buyers must have to secure financing) - well, when the insurance premiums skyrocket, that's less that can go towards the rest of that note.

So $1,000 per month buys less actual house than it used to, and more insurance premium. For what i would wager is the same "coverage".

It's keeping others from moving in, but it's also hurting current homeowners who may find they need to sell.