Key Regional Stress Findings Across the 50 States
1. Gulf Coast & Sunbelt Catastrophe Repricing (Florida 8.9, Texas 8.3, Louisiana 8.2): Rapid pandemic-era valuation gains collided with historic windstorm and hail reinsurance treaty resets, driving three-year non-principal mortgage escrow payouts up 30% to 35% even for borrowers holding sub-4% fixed mortgages.
2. Coastal Supply Scarcity & Utility Tariffs (California 8.6, Hawaii 8.4, New York 8.1, New Jersey 7.9, Massachusetts 7.7): Chronic single-family permitting bottlenecks keep gross rent-to-income ratios above 34%–36%, compounded by investor-owned electric utility wildfire and LNG transmission surcharges.
3. Plains & Front Range Convective Hail Belt (Colorado 7.8, Oklahoma 6.9, Nebraska 6.2): Secondary convective storm losses pushed inland homeowners casualty renewals above +33% to +37%, narrowing the historical affordability buffer of interior markets.