Real Estate News

  • Title insurance and the big picture of closing costs

    Published: Thu, 25 May 2017 15:03:41 GMT

    Lender's and owner's title insurance policies can both contribute to closing fees for property. New owners can therefore sometimes feel a need to cut corners to try and keep their costs down, but that's a risky thing to do when it comes to protecting a title claim. The range of policy costs can make it hard to predict the final sum.

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  • Latest May mortgage applications rates droop, says MBA

    Published: Wed, 24 May 2017 13:22:00 GMT

    The Mortgage Bankers Association survey results for the second week of May are out, and they seem to show a decline. Though it needs to be taken in context, it does possibly add to a continuous dip in application rates for mortgages, with some other statistics also following suit.

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  • Millennials bring pros and cons to current housing market

    Published: Mon, 22 May 2017 21:15:59 GMT

    Millennials face a lot of scrutiny, including when it comes to housing sales. Right now, opinions differ as to which generation is creating hurdles for the market, but multiple sources seem to think that age demographics are a divisive factor for the current crop of potential buyers. A key debate seems to be whether millennials or the older baby boomer generation is to blame for issues with sales.

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  • What the 2017 housing sales figures say so far

    Published: Mon, 22 May 2017 13:40:04 GMT

    With June not far away, the middle point of 2017 is almost here. That gives professionals a chance to reflect on the market trends so far, as well as the most likely paths home sales and other market figures will take. On May 18, the National Association of Realtors released a statement on its Midyear Forecast, which showed some positive patterns, with high sales and conditions for more development.

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  • Could changes in lifestyle trends affect homeownership?

    Published: Thu, 18 May 2017 20:31:14 GMT

    The interests of Millennials as well as the longevity of older Americans are undoubtedly factors on current housing sales. Widespread opinions about aging, retirement and other milestones could continue to change, and force the housing market to evolve with it. It's possible that the needs of the upcoming seniors and middle-age buyers could influence how they handle their property.

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  • Mortgage Bankers Association shows April application drop after

    Published: Wed, 17 May 2017 22:51:06 GMT

    The Mortgage Bankers Association reported on both ups and downs for mortgage application rates this year. A release, most recently dated for May 10, said that the Market Composite Index grew 2.4 percent for the first week of May.

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  • Millennial ranking declares best place for this demographic

    Published: Wed, 17 May 2017 14:21:18 GMT

    If millennials are set to play a key role in the housing market, then what are the places they'll probably move to the most? To understand that, you need to identify what matters to this demographic, and that's what the neighborhood ranking site Niche recently did.

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  • New study focuses on the impact of credit on buying home insurance

    Published: Mon, 15 May 2017 21:34:46 GMT

    The fact that states can have differing title insurance and property laws may seem obvious, but there are other differences that might not be as clear. When the state you're buying property in makes a difference, there's a lot that could influence your ultimate decision, including the strict (or not as strict) relevance of credit scores. A Quadrant Information Services and InsuranceQuotes study looked at the relationship between credit scores, states and the home market.

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  • FBI: Title company fraud complaints spiked in 2016

    Published: Mon, 15 May 2017 13:28:44 GMT

    Fraud prevention is an unavoidable issue for real estate companies, including those that handle title. According to a May 4 FBI announcement, 2016 saw a particularly large amount of complaints lodged with the Internet Crime Complaint Center, also known as IC3. 

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  • CFPB announces plan to review mortgage rule

    Published: Fri, 12 May 2017 21:42:34 GMT

    Four years after it first appeared, the Consumer Financial Protection Bureau is taking a closer look at a rule that could affect borrowers. According to a press statement from May 4, the organization wants to review the mortgage servicing rule of the Real Estate Settlement Procedures Act, which has granted certain protections to those with mortgage loans since it took effect in 2014.

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  • What makes a 'starter home' in today's economy?

    Published: Fri, 12 May 2017 20:32:05 GMT

    The future of the housing market will probably always depend on fresh new buyers searching for a residence. Right now, the much-criticized millennial generation is in the spotlight, as it ages into a more ideal demographic for purchasing real estate. To get their first taste of ownership, new buyers can search for "starter homes" that are affordable and modest, yet still large enough to fit an owner's specifications.

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  • Reports show recent luxury market trends

    Published: Fri, 12 May 2017 13:30:32 GMT

    Although it may seem exclusive, the luxury housing market can reflect some of the same conditions that other sectors do. There's mixed news for preimum homes in recent months, according to a pair of sources, which could put luxury buyers in a peculiar spot while they search for their ideal high-end home.

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  • Spring home market brings challenges for buyers

    Published: Wed, 10 May 2017 02:08:32 GMT

    When the weather starts to warm, buyers may be in an active mood, seeking out what could be their new homes. Although there have been some generally favorable predictions for the year, those looking to purchase in the coming months could be in for some challenges, according to the Wall Street Journal.

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  • Title insurance proposal would tighten regulations in New York

    Published: Sat, 06 May 2017 01:19:03 GMT

    Because much of the details of title insurance vary from state to state, even those that aren't affected by a particular bill might want to watch for new ones. The state of New York now has some possible proposals in the wings which would help it address possible corruption within the title insurance industry.

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  • Ups and downs for housing market, says NAHB

    Published: Wed, 03 May 2017 19:44:46 GMT

    The National Association of Home Builders published its updated Housing Market Index figures to include estimates for April 2017. This allows readers to look as far back as 12 months and see the rise and fall of the scale, based on the shifts in the single-family housing market and the level of buyer activities in different regions, among other things.

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  • Can mortgage growth sustain through the rest of the year?

    Published: Tue, 02 May 2017 15:21:13 GMT

    While changes in mortgage applications can be hard to anticipate, it seems the month of May at least has some positive trends to work with. This is based on the update about the state of application rates for the date of April 21. That source found multiple changes to indicate growth, including upticks for the Market Composite Index and the refinance mortgage activity, which grew by 1.6 percent in just a week.

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  • Why millennials might prefer to live in Texas

    Published: Mon, 01 May 2017 14:01:16 GMT

    As many sources have shown, much of what millennials look for in the housing market is affordability and a proximity to jobs. While it's easy to guess how expensive some markets might be, it's more difficult to estimate which areas might be most appealing to this demographic.

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  • Report shows higher figures for Q1 property sellers

    Published: Mon, 01 May 2017 14:01:05 GMT

    After years of making low or no profit off of home sales, property owners seem to have hit a new stride as of 2017. According to a report from ATTOM Data Solutions, profits for sellers increased in the first quarter of 2017, with several examples of gains throughout the country and a continuation of a possible positive trend from last year.

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  • New student loan rules from Fannie Mae could spur on homeownership

    Published: Fri, 28 Apr 2017 21:00:13 GMT

    Student debts are often mentioned as a financial burden, especially for millennial would-be home buyers. On April 25, Fannie Mae announced a program that would allow new owners to work against the balance of their student loans and possibly acquire a home in spite of this. It might not be the only factor that encourages younger buyers, but it could be a strong argument.

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  • Imagining the future of real estate blockchain

    Published: Fri, 28 Apr 2017 14:28:34 GMT

    The impact of "blockchain" technology may take over many industries, including real estate. This concept concerns the public, spread out approach to disseminating ledger updates to separate them from one individual owner. Around the world, the implications of blockchain seem to have some possible ramifications for property and title transactions.

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  • Change of direction for mortgage rates at end of April

    Published: Fri, 28 Apr 2017 14:13:48 GMT

    As April closes out, the mortgage rates seem to be shifting, at least for some classes of loans. In a press release, Bankrate said that mortgages were rebounding, and suggested that may be because of a relative optimism following three weeks of international uncertainty and downward trends.

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  • Mortgage rates decline despite Fed increase

    Published: Fri, 28 Apr 2017 01:38:49 GMT

    Earlier this year, the Federal Reserve made good on its plans to raise the rate for short-term interest. It was one of a series of similar hikes which could happen as soon as this year, but despite this, there seems to have been a decline in mortgage rates.

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  • Census Bureau: New home sales went up in March

    Published: Fri, 28 Apr 2017 01:38:35 GMT

    Sales of new homes continued upward last month, according to information from the U.S. Census Bureau. In a joint statement with the Department of Housing and Urban Development, the Bureau said that 621,000 new homes were estimated to have been sold during March (after seasonal adjustments), with a median price of $315,100.

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  • What home-flipping could mean for millennials

    Published: Thu, 27 Apr 2017 17:54:32 GMT

    There may be some anxiety over the future of home purchases among younger buyers, but that doesn't mean it isn't happening. In fact, The Los Angeles Times recently wrote about the phenomenon of this demographic deciding to renovate depreciated houses and bring up their value. The article combines the terms "house flipping" and "hipster" to call them "flipsters," but is there a more serious reality here that could be a boon to home sales in the future?

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  • Jobs, housing and migration impact possible housing market future

    Published: Thu, 27 Apr 2017 00:14:53 GMT

    New home buyers usually can't settle into their houses if they don't have the means to support themselves. As such, there seems to be a possible link between where jobs open up and where housing might be available, though this obviously can vary a lot. The Redfin Migration Report looked at some of the ways that new trends speak to changes as residents chose new places to live, sometimes several states away from their original homes.

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  • New ALTA supplements look to help best title practices

    Published: Tue, 25 Apr 2017 22:03:21 GMT

    Given the complex nature of title insurance, it's understandable that companies would need a set of standards to follow to stay aligned. Potential homeowners could stand to benefit as well, which is why both sides may need to pay attention to the new announcement from the American Land Title Association.

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  • Home prices show surprisingly different rates across country

    Published: Tue, 25 Apr 2017 13:34:48 GMT

    No interested home buyer probably expects every market in the U.S. to be the same. Certain states have a history for being less expensive than others, and conventional wisdom holds that the city is usually pricier than a less developed urban area, though certainly not always. There are, though, some pieces of information that only come through when you put some of the most obviously different prices against each other for comparison.

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