
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.
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.
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 yourself or prevent them altogether.
March 2021 Market Updates
With more information and reports released, we can learn more about how the economy is continuing to move during a hectic start to 2021.
What You Need To Know About Property Liens
What happens when a property owner cannot pay back their debts or fail to pay taxes? Property liens. Though many have heard of them, few know exactly how they work, how to get rid of them, and even how a smart investor can profit from them.
February 2021 Market Updates
With constant change and uncertainty surrounding much of 2021 from the ongoing pandemic, potential COVID stimulus, and volatile mortgage rates, the latest reports share their positives and negatives.
United Wholesale Mortgage Goes Public to Start 2021
In major mortgage industry news to start the new year, one of the country’s largest mortgage companies has officially gone public on the New York Stock Exchange (NYSE) after a multibillion-dollar merger.
The Difference Between Owner’s and Lender’s Title Insurance
Most people understand the necessity behind purchasing title insurance, but few know that there are two distinct kinds of title insurance, and even fewer know the differences between them. Owner’s and Lender’s title insurance are similar in nature but cover two different sides of a real estate transaction.
January 2021 Market Updates
The end of 2020 was an eventful one for the economy and its potential rebound after the pandemic.Vaccinations began to roll out, the holiday season showing positive signs, and the U.S. market continued its growth.
End of Year Refinancing
Like many Americans, you have probably wondered if end of year refinancing would result in a better monthly payment, lower interest, and an overall better financial situation for you and your family. However, December might truly be the best time to consider your options and decide if refinancing is the right next step.
December 2020 Market Updates
The world is in a state of change as the most recent reports are released. Though a lot is still uncertain, there were positive signs for job recovery and in the housing market.
COVID-19’s Effect on Mortgage Rates
The effects of COVID-19 are being felt across the country and in lots of industries in many different ways. As for housing, this will affect how you buy and sell homes in the immediate future, especially because of the historic impact on mortgage rates.
November 2020 Market Updates
With a world full of constantly changing factors that make impacts on the market, we have to look for the official numbers to make projections and find insights into the markets. Here are some findings from recent reports across the country.
Rising Home Prices During the Pandemic
Despite the fact that the coronavirus pandemic left millions unemployed, destroyed the economy, and saw businesses closing their doors left and right, there have been rising housing prices across the United States. Even though the market dropped in the beginning stages of the pandemic, it made a rapid and relieving recovery, with median home prices hitting a high in July in spite of the impending recession and economic crisis.
Even with all the madness going on, the housing market is historically driven by two factors: demographics and mortgage rates. And regardless of everything that has been going on, neither of these two factors has suffered in the wake of the coronavirus outbreak. It might seem counterintuitive given the current state of the world that the cost of homes is increasing, so why do home prices continue to climb?
October 2020 Market Updates
Economic activity continues to ramp up as the nation further eases COVID restrictions and prepares for the upcoming presidential election. Social unrest, the death of Supreme Court Justice Ruth Bader Ginsburg, and concerns over the Coronavirus pandemic continue to remain incredibly important.
Best Time for Home Refinancing
Homeowners have tried figuring out the best time for home refinancing for an exceptionally long time. Even before COVID-19, many people needed clarification about the appropriate time to consider refinancing, particularly those who have never owned a home before or are unfamiliar with the refinancing process. The historically low mortgage rates that have come alongside the outbreak of the Coronavirus pandemic have left multitudes of homeowners itching to take advantage of low rates to refinance their homes. It is easy to understand why. Low interest rates make for low mortgage rates, which is excellent when refinancing. That makes sense, right?
September 2020 Market Updates
States continue to slowly reopen their economies. Restaurants and retail stores continue to open at impressive rates, albeit with occupancy restrictions and other COVID regulations in place. Schools have begun to reopen, and the economy as a whole is sitting in a much better place than originally anticipated.
Public Record Errors & Title Insurance
Public record errors can leave a significant impact on your home’s title.Moving into a new home should be one of the most exciting moments in your life. You have worked hard for it, searched high and low for that dream house, and now, it is all yours!At least, it should be, but what happens when public record errors affect your home’s title? Your house might be a new acquisition for you, but unless it is also newly built, there is a history to be uncovered.
August 2020 Market Updates
After many states had moved towards phased reopenings of their respective economies, many are now preparing to hunker back down as COVID numbers rise and uncertainty continues to prevail.Nonetheless, July brought plenty of good news throughout the market. Overall, the United States economy appears to be recovering quicker than originally expected.
Best Practices for Preventing Real Estate Wire Fraud
Imagine spending hour after hour searching for your dream home and finally finding it. But, as you start to complete all the paperwork and get ready to close an urgent email appears in your inbox. The email appears to be from your agent or attorney or from someone representing the seller urgently requesting for the down payment and other closing costs to be wired today.
July 2020 Market Updates
With states easing restrictions on the economic shutdown, job gains and consumer activity have surged. The Fed has added to that further news regarding their activity in the treasury and mortgage markets.
Although May and early June saw much economic growth, only time will tell how sustainable that is given the current social, political, and health climate we are in.