article thumbnail

Even super hot housing markets like LA are cooling off

Housing Wire

Local real estate agents, loan officers and appraisers from each city share what characteristics are currently defining their housing markets. We were having like 20 to 30 offers every time we had a listing on the market and the offers would come in from day one until the seller said enough is enough. Rapid City, South Dakota.

article thumbnail

Bridging the gaps in the home buying process

Housing Wire

Largely hidden from view and misperceived by some to be on the lower end of the hierarchy of service providers, the position seemingly lacked the luster of the real estate agent or the panache of the loan officer. During the housing crisis of 2008, the title industry suddenly emerged from obscurity into full view.

article thumbnail

Opinion: Automate title status check info with AI

Housing Wire

Loan officers dread having to email an appraisal firm for the report they’re waiting on. Title agents dread being blamed by everyone from the buyer to the seller, from the real estate agent to the lender, for that delay that falls between the signing of a sales agreement and the signing of the closing documents.