Housing and employment pulled pulled off a remarkable rebound after a tumultuous 2020. Last year, both sectors saw numerous setbacks as homes sat idle on the market while businesses laid off hundreds of thousands of workers. Taking a look at July’s data, we see that 2021 is singing a different tune. Housing & Employment Pulled […]
Industry News
Owner’s Title Insurance: Why You Should Get a Policy Now
An owner’s title insurance policy is critical for protecting you from all types of issues you might have with the title of your home. It is essential and should never be overlooked by homeowners who want to make sure they are fully protected from title issues that could arise. Here, we will go over some […]
July 2021 Market Updates
The latest data shows that inflation continues its epic climb while home sales rapidly recover across the country. As a result, the outlook on economic growth and future Fed policy remains stagnant. The Fed stated that their core PCE target is 2.0%. In May 2021, core PCE rose 3.4% higher than a year ago. While […]
Public Record Errors Have a Tremendous Impact on Property Titles
Public record errors have a tremendous impact on property titles. Imagine this. You spend months searching for that perfect dream home. You gain preapproval and sign the contract. The closing process is going smoothly. All of the hard work was worth it, and it’s time to reap the fruits of your labor. Then, all of […]
June 2021 Market Updates
Many reports have revealed numbers below expectations as investors begin to look into what the rest of the year has in store as the economy continues to recover from the COVID pandemic. Employment Report Falls Short of Expectations The highly anticipated monthly employment report was an enormous miss. In April, the economy gained just 266,000 […]
Real Estate Closing Advice & Actually Understanding What Happens Before
First-time home buyers search high and low for real estate closing advice. The real estate closing process generates unfathomable stress, especially for first-time home buyers. Prospective home Buyers await news regarding appraisals, property inspections, and title searches. With so many moving pieces, it is challenging to maintain constant vigilance over the process. Plymouth Title Guaranty […]
May 2021 Market Updates
Economy Gains Jobs; Unemployment Drops In March, the economy gained 916,000 jobs and revisions added 156,000 more. Strength was seen in the hospitality and construction sectors. The unemployment rate dropped from 6.2% to 6.0%. Average hourly earnings, an indicator of wage growth, fell slightly. They were 4.2% higher than a year ago, down from 5.2% […]
The Difference Between a Title and a Deed
To most people, the words ‘deed’ and ‘title’ are interchangeable. But there are actually major differences between the two that are important to understand before you start the process of a real estate transaction. What is a Deed? A deed is the actual physical, legal document that confirms ownership of a property and typically has […]
April 2021 Market Updates
Recent reports have continued to show reasons for positivity related to the economy in job growth and inflation, but many investors continue to worry about the long-term effects leading into the rest of the year. Mortgage Rates Continue to Rise Mortgage rates have been on an upward path this year and stronger-than-expected economic data has […]
Top 3 Real Estate Title Issues
Real estate transactions can be exciting for all parties involved, but without proper research and protection, you can find yourself on the bad end of a title issue that could challenge your rights as a homeowner. Here are a few of the most common real estate title issues and what you can do to protect […]