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Title insurance industry premiums spike $7B year over year
Source: Housing Wire --- The American Land Title Association saw a nearly 36% year-over-year increase in title insurance premium volume in 2021 for a staggering $7 billion spike, according to the trade group’s Market Share Analysis, published Friday. The title...
How Today’s Mortgage Rates Impact Your Home Purchase
Source: Keeping Current Matters --- If you’re planning to buy a home, it’s critical to understand the relationship between mortgage rates and your purchasing power. Purchasing power is the amount of home you can afford to buy that’s within your financial reach....
More than half of Americans say inflation may have a ‘big negative impact’ on long-term financial goals, survey finds
Source: CNBC --- Amid rising prices and a changing economy, many Americans question their ability to meet long-term financial goals, according to Country Financial’s Security Index. The survey polled 1,023 U.S. adults from March 18 to March 20, and more than half...
Inflation soars in Phoenix, Atlanta, Tampa as homebuyers arrive
Source: Fox Business --- Phoenix, Tampa and Atlanta are seeing some of the highest inflation rates in the country as the areas attract a surge of homebuyers, according to Redfin. Redfin deputy chief economist Taylor Marr said inflation, which surged 8.5% over the past...
Wonder How High Home Prices Can Go? Here Are America’s Most Expensive ZIP Codes in 2022
Source: Realtor.com --- With home prices setting record highs month after month—reaching a remarkable nationwide median of $405,000 in March—just about all homebuyers are grumbling these days that they can’t get a break. But if you’ve ever wondered just how high...
FHA gives investors cold shoulder on foreclosed properties
Source: Housing Wire --- The Federal Housing Administration said that nonprofit organizations and owner-occupant buyers will have first dibs on foreclosed properties that get auctioned off through its Claims Without Conveyance of Title (CWCOT) program, specifically...
