Title insurance coverage is boring, however Allied Title & Escrow is right here to decode the jargon and make it (considerably) extra attention-grabbing. This biweekly characteristic will discover the mundane (however very mandatory!) world of title insurance coverage whereas sharing attention-grabbing tales of two buddies’ entrepreneurial careers.
For this week’s version of Boring Title, we give our market replace from what we’ve seen in September and the start of October.
The housing market stays a vendor’s market by way of September. This has been constant all through the pandemic. Whereas a excessive demand for brand spanking new properties carries on, it has pushed energetic listings down and residential costs up.
Nonetheless, the robust demand was met with essentially the most new listings because the begin of the pandemic. This could possibly be a sign of the housing market normalizing as the vacations strategy. As for now, anticipate promoting costs to stay excessive.
In case you are seeking to probably refinance, it could possibly be a good time to lock in a fee as they’ve stayed near historic lows. Simply be sure to store round first. If you happen to ever want a suggestion for a lender, be at liberty to achieve out to us and we may give some suggestions!
Have questions associated to title insurance coverage? E-mail Latane and Matt at [email protected]. Wish to use Allied Title & Escrow while you purchase a house? Inform your agent while you purchase a home to write down in Allied Title & Escrow as your settlement firm!