Explore key consumer finance trends including borrowing costs, housing affordability, and the impact of cold weather on electric vehicle range relevant to U.S. insurance professionals.

Homeownership costs in Colorado are rising due to insurance premiums, property taxes, and maintenance expenses, impacting older fixed-income owners significantly. State programs provide some relief but challenges persist.

New York expands senior property tax exemption to 65%, aiming to ease rising housing and insurance costs for seniors on fixed incomes. Local governments can now increase relief under new legislation.

Foreclosure filings rise nearly 20% amid surging homeowners insurance premiums, high mortgage rates, and property tax pressures impacting U.S. homeowners' ability to afford mortgage payments.

Bankrate's 2025 study shows renting is cheaper than buying in all top U.S. metros, with the average mortgage payment 38% higher than rent amid rising rates and costs.