Housing Wire

MARCH 22, 2024

Local real estate professionals attribute the slower market to a variety of factors including higher home prices, which have remained steady despite the slowdown, higher interest rates , and rising costs for homeowners and flood insurance. homeowners insurance policy was roughly $1,700 in 2023. In comparison, the average U.S.

Insurance 365

Insurance Inventory Marketing Real Estate 365

Housing Wire

JULY 17, 2023

In such an environment, buyers may feel pressure to bypass steps in the transaction to make their bid more attractive to the seller, but they should be wary that taking shortcuts can expose them to fraud. Secret Service reported a steep rise in seller impersonation in an advisory it issued this year. We can reverse this trend.

Sellers 368

Sellers Real Estate Agent Real Estate Insurance 368

Housing Wire

JULY 25, 2023

In late June, Susan Gregory received an estimate for a new homeowner’s insurance policy on her 120-year-old St. Augustine, Florida property, after her previous insurer, United Property and Casualty, went insolvent earlier in the year. This is one of the easiest parts of Florida to insure and costs have gone up over 40%.”

Insurance 340

Insurance Housing Market Marketing Agents 340

Appraisal Buzz

JULY 18, 2022

Assuming a $250,000 loan was committed on December 31, 2021, your monthly payment was approximately $1,007 exclusive of escrow for real estate taxes and insurance. This might manifest itself with lower offers that are acceptable to the seller, but price isn’t the only aspect of a transaction. So, how do you comp in this market?

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Sellers Marketing Market Value Home Value 435

Housing Wire

DECEMBER 26, 2022

With the housing market slowing down from its pandemic-fueled frenzy, wire fraud threats, regulatory challenges and the perennial challenge of an aging workforce, the title insurance industry will have a lot to juggle in the new year. For the title insurance industry, she feels this will result in a thinning of the herd.

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Insurance Bracketing Legal Business 465

Housing Wire

SEPTEMBER 29, 2023

Even with demand buoyed by a sparse housing inventory, growing financial challenges for buyers are forcing home sellers to cut prices to close deals, a new Redfin research report found. Available inventory of home for sale is ticking up Hence, homebuyers are encouraged to negotiate with sellers, who seem willing to make concessions.

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Sellers Buyers Inventory Real Estate Agent 494

Housing Wire

SEPTEMBER 20, 2021

Radian Group recently announced the launching of its title insurance and closing services platform, titlegenius, in Arizona, California, Nevada, Ohio and Pennsylvania. The mortgage insurance and real estate services company first introduced titlegenius in Florida this past May. Presented by: FundingShield.

Insurance 290

Insurance Brokerage Real Estate Technology 290

Housing Wire

MAY 26, 2023

Secret Service , notified the title industry of a rise in what is known as vacant lot fraud, or seller impersonation fraud. “We We started to hear a lot about seller impersonation fraud early on in the year,” Tyler Adams, the CEO of CertifID, said. “We Oftentimes this leads to the discovery of vacant lots. million, according to NAR.

Sellers 359

Sellers Real Estate Realtors Real Estate Agent 359

Inman

AUGUST 24, 2023

Insurance as a hot-button issue is likely not going away anytime soon. Unfortunately, as long as Mother Nature is in control, agents, buyers and sellers need to be more proactive than ever, broker Cara Ameer writes.

Insurance 136

Insurance Clients Sellers Agents 136

Housing Wire

APRIL 26, 2024

My advice to sellers is to price your home fairly,” Chen Zhao, economic research lead at Redfin, said in a statement. Even though sellers are getting top dollar at the moment, they should price competitively to attract buyers from the start and avoid having to drop their price as stubbornly high mortgage rates eat into buying budgets.

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Housing Market Marketing Insurance Sellers 344

Inman

SEPTEMBER 20, 2023

Interest rates, insurance premiums, tax concerns and more are keeping sellers from putting their homes on the market and forcing them to defer their dreams. Team leader Carl Medford believes it's up to real estate agents to communicate effectively and help sellers move forward.

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Sellers Real Estate Agent Insurance Real Estate 126

Housing Wire

MARCH 1, 2024

For example, recently, Fannie Mae has focused on expanding alternatives to title insurance as a way to supposedly increase homeownership affordability. However, Fannie Mae’s own research from 2022 found that title insurance is not a significant component of the overall closing costs when buying a home.

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Insurance Property Taxes Real Estate Sellers 342

Housing Wire

DECEMBER 27, 2023

The nation’s second largest title insurer , First American , as well as some of its subsidiaries, remain offline as of Wednesday morning in the wake of the title firm’s Dec. Homebuyers, sellers and appraisers have been responding to the company’s LinkedIn announcement on the cybersecurity incident, asking for clarification.

Sellers 488

Sellers Insurance Valuation Clients 488

Housing Wire

FEBRUARY 26, 2024

The cost of homeowners insurance has surged in Florida as insurance companies have grappled with significant losses due to an increase in natural disasters. And homeowners insurance costs are three times higher in Florida than the national average.

HOA 459

HOA Law Insurance New Listings 459

Real Estate News

APRIL 19, 2024

Active listings are back to pre-pandemic levels, but home prices — and home insurance costs — keep going up, creating a tough market for buyers and sellers.

Inventory 260

Inventory Insurance Sellers Buyers 260

Housing Wire

MAY 16, 2024

The new feature harnesses the capabilities of multimodal artificial intelligence to instantly analyze and summarize complex property documents, including inspection reports, appraisals and seller disclosures. It can also help agents clearly communicate their unique value and services to homebuyers, sellers and others.

Real Estate Agent 330

Real Estate Agent Real Estate Brokerage Sellers 330

Housing Wire

APRIL 17, 2024

On the supply side, the market continues to improve with an increasing number of properties being listed on the market as more sellers begin to accept the new normal.” Fewer insurance options may be hampering sales in the Golden State. Homeowners insurance costs are rising sharply across the U.S., to $854,490.

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Insurance Housing Market Realtors Inventory 371

Housing Wire

OCTOBER 27, 2023

One of the most important roles we play at ALTA is strongly encouraging buyers to shop around for their title insurance company. The Real Estate Settlement Procedures Act (RESPA) ensures that homebuyers always have the legal right to consider alternative title insurance providers and can never be forced into using a particular provider.

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Insurance Real Estate Buyers Real Estate Agent 490

Realtor

MAY 17, 2023

As a seller, here’s what you need to know about the settlement process. Once the contract has been signed, a seller can’t renegotiate the price higher. Negotiating a settlement date Buyers and sellers typically negotiate a settlement date that is mutually agreeable.

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Sellers Inspection Contracts Property Taxes 142

Housing Wire

MARCH 13, 2024

Amid escalating climate concerns , Realtor.com has launched enhanced tools to help homebuyers and sellers evaluate the climate risk exposure of a property, according to a company announcement on Wednesday. The cost of homeowners insurance policies has skyrocketed in the past two years as U.S. According to the U.S.

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Tools Insurance Home Value Technology 396

Housing Wire

SEPTEMBER 27, 2023

Laws should also be clear on the role title insurance professionals play in facilitating transactions with foreign owners. Any law restricting foreign land ownership mustn’t penalize real estate professionals, legitimate sellers, lienholders and future property owners.

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Law Real Estate Legal Insurance 333

Housing Wire

MARCH 11, 2024

The initiative helps with the lack of houses for sale, but these sellers are likely to become buyers again and will continue pressure the market. Department of the Treasury ‘s Federal Insurance Office roundtable to discuss potential reforms on title insurance, Boltansky sees it more as a “fact-finding exercise than a quest for change.”

Insurance 372

Insurance Mortgage Government Inventory 372

Housing Wire

MAY 20, 2024

The second dynamic to watch here is how many sellers are cutting their prices each week. But we can see that there is an upper limit to affordability for homebuyers and sellers should absolutely be aware of this before they list their homes. That’s a pinch fewer sellers than last week, still 13% more sellers each week than a year ago.

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Inventory New Listings Sellers Contracts 394

Housing Wire

MAY 2, 2024

Leaders at Carson said in the release that they are excited to have access to William Raveis’ in-house mortgage bankers to help prequalify buyers and sellers, as well as the brokerage’s insurance experts to help their agents and clients navigate the home insurance market. “We

Realty 299

Realty Insurance Brokerage Clients 299

Housing Wire

APRIL 3, 2024

The Community Home Lenders of America (CHLA) this week submitted a letter to the Federal Housing Administration (FHA) that urges the agency to “provide comparable down payment treatment for FHA borrowers, regardless of whether or not the seller is willing to pay the home buyer broker commission,” according to an announcement by the organization.

Sellers 361

Sellers Buyers Agents Real Estate Agent 361

Housing Wire

JANUARY 17, 2024

1 With over 12,000 Americans turning 65 every day in 2024, this burgeoning market will undoubtedly continue to bring more buyers and sellers to the table over the next decade. Recently, Interested Party Contributions (or seller concessions) have been allowed with HECM for Purchase loans.

Finance 419

Finance Real Estate Agent Real Estate Insurance 419

Housing Wire

FEBRUARY 7, 2024

The agency updated and clarified property insurance requirements at the direction of the Federal Housing Finance Agency (FHFA) to align with Freddie Mac policy, which says that “policies that limit, depreciate, reduce or otherwise settle losses at anything other than a replacement cost basis are […] not acceptable.”

Retail 375

Retail Project Management Insurance Landlords 375

Housing Wire

APRIL 9, 2024

Another issue is home sellers’ bias against homebuyers using FHA loans, where offers from non-FHA borrowers are often selected even though lower in price. CHLA commends FHA for its work on its “Mythbusters” initiative, designed to blow up the myths around FHA loans by educating lenders and home sellers.

Sellers 426

Sellers Realty Insurance Realtors 426

Housing Wire

APRIL 23, 2024

a brokerage that lists and markets properties for sellers, allowing them to decide if they wish to compensate the buyer’s broker. Is that in the seller’s best interest? You want to watch insurance policies skyrocket, watch what is going to happen if we don’t start thinking about making sure the buyer has representation.”

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Brokerage Sellers Buyers Agents 293

Housing Wire

DECEMBER 4, 2023

Specifically, these lawsuits and surrounding conversations address the convention of sellers bearing the cost of commissions for both their agent and the buyer’s agent. Their offers — asking sellers to shoulder all commissions — might be overlooked in favor of more conventionally structured bids, especially in competitive markets.

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Real Estate Agent Agents Real Estate Sellers 401

Housing Wire

MAY 14, 2024

Another issue is home sellers’ bias against buyers using FHA loans, where offers from non-FHA borrowers are often selected even though lower in price. CHLA commends FHA for its work on its “Mythbusters” initiative, designed to blow up the myths around FHA loans by educating lenders and home sellers.

Sellers 296

Sellers Realty Insurance Realtors 296

Housing Wire

NOVEMBER 8, 2023

The National Association of Realtors (NAR) on Wednesday unveiled its state flood disclosure tracker tool , aiming to offer clarity and access to survey existing state disclosure requirements for flood insurance. Department of Homeland Security ’s Assistant Secretary for Legislative Affairs Alice Lugo to Vice President Kamala Harris.

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Legal Law Insurance Real Estate 316

Housing Wire

SEPTEMBER 28, 2023

Assembly Bill A1967 “requires disclosure of information concerning flood insurance on property condition disclosure statements [and] relates to liability with respect to property disclosures,” according to the bill’s official description on the New York State Assembly website.

Law 362

Law Insurance Real Property Tools 362

Housing Wire

NOVEMBER 3, 2023

The homegenius Platform provides users access to a number of services including: homegenius connect, which allows homebuyers and sellers to access a network of qualified and experienced real estate professionals. Through this offering, consumers may also be eligible to receive a rebate* at closing.

Real Estate Agent 330

Real Estate Agent Real Estate Insurance Valuation 330

Housing Wire

MAY 31, 2023

Last week we talked about the cost of flood insurance going up by over 200% for some homeowners in the Southeast as both the federal government and private insurers determine how to price the soaring cost of climate risk, or abandon insuring them altogether. What does this all mean for Californians?

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Insurance Clients Marketing Housing Market 316

Lamacchia Realty

FEBRUARY 21, 2024

SELLERS, HERE'S WHAT TO DO IF A BUYER REQUESTS REPAIRS AFTER INSPECTION Selling your home and moving into a new one can be an exciting life chapter. A common issue that sellers should be prepared for is a buyer requesting repairs after the home inspection. So, what do you, as a seller, do in this scenario?

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Inspection Sellers Buyers Agents 70

Housing Wire

MAY 28, 2024

” Incenter has businesses focused on capital markets, loan diligence, student lending, insurance, property tax, accounting and marketing. In May 2023, the subsidiary launched a new digital MSR exchange , known as eMSR Exchange, which connects buyers and sellers of co-issue flow offerings online and provides 24/7 pricing.

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Property Taxes Lending Insurance Sellers 310