February’s real estate market witnessed a surprising 10% jump in existing home sales from January, a development far surpassing consensus forecasts. However, sales still lagged slightly behind the figures from the same period last year. his phenomenon unfolds within a broader context of a persisting inventory crisis and fluctuating home prices, painting a complex picture […]
Industry News
APR Fees in Real Estate: Title Insurance & Closing Costs Explained
When navigating the complexities of real estate transactions, understanding the Annual Percentage Rate (APR) and its implications becomes even more crucial. The APR not only reflects the interest rate on a mortgage but also encapsulates various other fees, providing a comprehensive view of the loan’s true cost. This deeper insight into APR, particularly its relation […]
January 2024 Housing Market: Exploring the New Year’s Insights
The January 2024 housing market has emerged as a focal point for analyzing the recent economic and financial developments impacting the real estate sector. With interest rates experiencing fluctuations, the dynamics of buying, selling, and investing in properties are witnessing significant shifts, prompting stakeholders to reevaluate their strategies amidst ongoing challenges. These issues, especially concerning […]
Illinois Real Estate Closings: Your Comprehensive Guide with Plymouth Title Guaranty
From the initial offer to the final exchange of keys, Illinois real estate closings involve several critical steps, each requiring meticulous attention to detail and expert knowledge. The process of buying or selling property in Illinois is a significant undertaking filled with complexities and legal intricacies. Plymouth Title Guaranty stands as your indispensable ally, guiding […]
December 2023 Housing Market: Navigating Current Real Estate Trends
The December 2023 housing market offers a comprehensive snapshot of the current real estate landscape, revealing trends that are crucial for buyers and sellers alike to understand. With the fluctuation in sales, inventory levels, and prices, this period has become a focal point for those looking to navigate the market effectively. Plymouth Title Guaranty Corporation […]
Illinois Title Insurance Myths: Separating Fact from Fiction
Illinois title insurance myths can often lead to confusion and misconceptions for homebuyers and sellers alike, clouding the true value of this essential protection in real estate transactions. Plymouth Title Guaranty Corporation, a leader in the Illinois title insurance industry, is here to dispel these myths and shed light on the facts. Our extensive experience […]
November 2023 Housing Market: Analyzing Trends, Changes, and Predictions
The November 2023 housing market displayed a unique blend of challenges and opportunities. After experiencing the slowest pace since 2010, sales of existing homes saw a slight rise in November compared to October. However, they were still 7% lower than the same time last year. This fluctuation in the housing market offers an insightful perspective […]
Real Estate Commissions: Understanding the Evolutionary Shift in Chicago Housing
In the ever-evolving and competitive world of real estate, real estate commissions have emerged as a key focal point, igniting widespread discussions and legal challenges within the industry. This comprehensive blog post aims to dissect the current changes and controversies surrounding real estate commissions. We delve into the specific developments occurring in Chicago’s real estate […]
October 2023 Housing Market: Declining Inventory and Home Builder Sentiment
The October 2023 Housing Market in the U.S. presented a complex landscape of high mortgage rates intertwined with a fluctuating economy, creating a scenario of contradictions. While there was a slight uptick in single-family housing starts and permits, indicating a possibility for future construction expansion, the overall market dynamics continued to exhibit inconsistency. Housing Inventory […]
End-of-Year Title Insurance Review: What Changed in Illinois in 2023
As 2023 draws to a close, conducting an end-of-year title insurance review is crucial for real estate professionals and homeowners in Illinois, given the significant changes in title insurance regulations. A comprehensive overview of the key legislative changes impacting title insurance in Illinois this year is essential to stay informed and prepared. Major Changes in […]