
Industry News
Industry news plays a vital role in understanding the latest trends in housing, title insurance, and escrow services. From monthly housing market updates to practical tips and best practices, staying informed can help navigate the complexities of real estate with confidence. Plymouth Title Guaranty Corporation shares insights and updates designed to keep professionals and homebuyers prepared for every step of the process.
February 2025 Housing Market Sees Surprising Gains Amid Persistent Inventory Challenges
The February 2025 housing market offered a mix of resilience and restraint, with stronger-than-expected existing home sales and a notable rebound in new home construction. While some hurdles remain—particularly around inventory and builder sentiment—the month delivered promising signs for buyers, sellers, and industry watchers alike.
November 2024 Housing Market: Sales, Inventory, and Mortgage Rates
The November 2024 housing market marked a significant month, with sales of existing homes rising 5% from October and 6% from the same time last year. Similarly, the median existing-home price climbed 5% year-over-year, reaching $406,100. However, while inventories improved by 18% compared to last year, the supply remains at a historically low 3.8-month level, well below the 6-month supply indicative of a balanced market.
2025 Illinois Commercial Real Estate: Opportunities for Title Insurers
The 2025 Illinois commercial real estate market is set to undergo significant transformations, presenting a landscape filled with opportunities and challenges. One of the most notable drivers of activity in the sector is the substantial volume of loans maturing this year. These maturities create a ripple effect, stimulating refinancing, sales, and overall property market activity across the state.