Inflation here? gas/grocery prices just continue to climb

I was told by folks in our Personal Lines division ( home, auto etc ) that realtors are saying they are seeing 6% now.

We have several issues in SE LA affecting the market- one being insurance. Now, with Risk Rating 2.0, a flood policy that once cost $700 can be $2000. Then couple that with homeowner insurance rates that have doubled, and folks are not able to close because the note is just too much ( with Escrow )

On top of ALL of that, carriers are reaching " capacity " ( cap being what they are willing to take on, $$$ wise, in a specific region ) meaning no capacity, no offer of insurance as we head into Hurricane season. MANY are telling agents you have til May 31 to bind coverage, after that, no can do.

So this summer, the home buying will more than likely hit the brakes hard.