National median home prices reached $370,528 for the month of April, a 22% increase year over year and a new record, according to a recent study from Redfin. The number of homes for sale also sank to a record-low average of only 19 days on the market. And 49% of
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First American Financial Corporation has announced a new addition to its C-Suite. Kenneth DeGiorgio, who joined First American in 1999, has been named president. In his new position, DeGiorgio will have oversight responsibility for the corporation’s operating groups, including its title insurance, specialty insurance and data and analytics businesses, the
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A full month of sub-3% mortgage rates, ongoing housing market supply constraints, and a 300% increase in lumber prices over the past 15 months has prompted Fannie Mae‘s Economic and Strategic Group to revise several of its 2021 forecasts. March’s existing home sales report perfectly illustrated the country’s core housing
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Social media is constantly evolving, with new platforms and algorithms challenging models and strategies just when businesses have gotten into a rhythm. That’s why we’ve asked LinkedIn Business Coach Judi Fox to speak at engage.marketing on June 17. Fox, who led a highly rated social session at last year’s engage
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“Our new Constitution is now established, and has an appearance that promises permanency; but in this world nothing can be said to be certain, except death and taxes.” — Benjamin Franklin, in a letter to Jean-Baptiste Le Roy, 1789. Thankfully, after more than a year with innumerable challenges, it appears that the
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Real estate and mortgage industry professionals are facing major challenges to meet the escalating demands of the housing market. These challenges have been exacerbated by historically low interest rates, which sparked a generational refinance boom while the industry was adapting to a work-at-home environment that further stressed operations. It is
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Old Republic is making some changes to its C-Suite. The title insurance giant announced that Frank Sodaro will succeed Karl Mueller as chief financial officer when Mueller retires at the end of June. Mueller has been with Old Republic since 2004. Sodaro, who joined the company as deputy chief financial
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Skyrocketing prices for lumber, appliances and other building materials continue to handcuff new housing starts all over the country. Single-family housing starts in April dropped 13.4% from March to a rate of 1.09 million, according to the most recent study from the U.S. Census Bureau. Housing completions were at a
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For as long as Jim Pullin has been a realtor in Seattle, the Pacific Northwest city has always been a popular moving destination. But the past three years — and 2020, specifically — have been something else. “I started as an agent up here in 2009, and I’ve been saying
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Could it finally be happening? Senators Mark Warner (D-Va.) and Kevin Cramer (R-N.D.) have reintroduced federal legislation that would allow remote online legislation (RON) nationwide. Dubbed the Securing and Enabling Commerce Using Remote and Electronic (SECURE) Notarization Act, the bipartisan legislation would permit “immediate nationwide use” of RON by every
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A Federal Housing Finance Agency (FHFA) report highlighted the perils of low-rates for Fannie Mae and Freddie Mac’s single-family Credit Risk Transfers. Despite heightened investor uncertainty during the onset of the pandemic, GSE-backed mortgages have outperformed expectations, the report notes. Although markets experienced a significant liquidity disruption in March 2020,
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The American Land Title Association (ALTA) will be hosting approximately 400 people at the ALTA Advocacy Summit, the second virtual version of the association’s annual congressional fly-in, on May 18-20. The event includes discussions and forums on public policies regarding remote online notarization (RON), digital closings, federal tax policy, cannabis banking legislation,
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