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The title insurance industry prepares for battle

Housing Wire

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.

Insurance 464
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As title insurance volume shrinks, workers take on more tasks

Housing Wire

As the mortgage rate environment became increasingly volatile in August and early September, one in three title insurers reported order volume that was below or far below average. However, 67% of respondents are over the age of 45, with the largest age brackets being 45-54 and 55-64 at 28% each.

Insurance 361
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Price Adjustments in Florida Rise Rapidly

Lamacchia Realty

Condo sales in particular have experienced a significant decline in recent weeks which can be attributed to the ongoing insurance crisis in the state and to the increased association fees and/or added special assessments for condos due to the more stringent regulations resulting from the tragic Champlain Tower Collapse in Surfside, Florida.

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2022 Bidding Wars – How to Strike and Win

Lamacchia Realty

Now in 2022, it’s predicted that inventory will continue to stay low and competition will remain immensely high. If you widen the search bracket to reflect homes $50K under your budget, you may have an easier time winning a bidding war because you’ll be able to offer much higher than the asking price. Additional Resources.

Sellers 72
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2024 Bidding Wars – How to Strike and Win

Lamacchia Realty

If you widen the search bracket to reflect homes $50K under your budget, you may have an easier time winning a bidding war because you’ll be able to offer much higher than the asking price. Real estate is a long game. Homes selling over-asking price has become much more common over the last couple of years, especially right now.

Buyers 70
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2023 Bidding Wars – How to Strike and Win

Lamacchia Realty

2022 started with low inventory and high competition as predicted , but by April rates began their ascent and the market began its shift. If you widen the search bracket to reflect homes $50K under your budget, you may have an easier time winning a bidding war because you’ll be able to offer much higher than the asking price.

Buyers 41
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Houston Housing Market Forecast: Current Data & 2021 Predictions

Houston Properties

For certain parts of the economy, usually in the upper-income brackets, they didn’t carry a lot of debt and they couldn’t go out to spend their money. On the other hand, the four restaurant workers would still need to spend monthly payments for rent, food, transportation, and insurance. So, what did they do? The Tale of Two Cities.