New Appraisal Institute Dictionary Updated to Advance Appraisers' Knowledge
January 20 2022 | |
“The Dictionary of Real Estate Appraisal,” seventh edition, published this week by the Appraisal Institute, is a landmark text that reflects the depth and breadth of appraisal knowledge. Each entry, definition and reference has been painstakingly researched and designed to express an expert understanding of issues that currently impact the profession.
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Annual Existing-Home Sales Hit Highest Mark Since 2006
January 20 2022 | |
Existing-home sales declined in December, snapping a streak of three straight months of gains, according to the National Association of Realtors®. Each of the four major U.S. regions witnessed sales fall in December from both a month-over-month and a year-over-year basis. Despite the drop, overall sales for 2021 increased 8.5%.
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Single-Family Starts Post Double-Digit Percentage Gain in 2021
January 19 2022 | |
While single-family starts dipped in December due to ongoing supply-side challenges, they still managed to post double-digit gains in 2021. Overall housing starts increased 1.4% in December to a seasonally adjusted annual rate of 1.70 million units, according to a report from the U.S. Department of Housing and Urban Development and the U.S. Census Bureau.
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Builder Confidence Edges Lower on Inflation Concerns
January 18 2022 | |
Growing inflation concerns and ongoing supply chain disruptions snapped a four-month rise in builder sentiment even as consumer demand remains robust. Builder confidence in the market for newly built single-family homes moved one point lower to 83 in January, according to the National Association of Home Builders/Wells Fargo Housing Market Index released today.
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Share of Mortgage Loans in Forbearance Decreases to 1.41 Percent in December 2021
January 18 2022 | |
The Mortgage Bankers Association's (MBA) new monthly Loan Monitoring Survey revealed that the total number of loans now in forbearance decreased by 26 basis points from 1.67% of servicers' portfolio volume in the prior month to 1.41% as of December 31, 2021. According to MBA's estimate, 705,000 homeowners are in forbearance plans.
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AI Virtual Assistant Alanna Now "Speaks" 54 Languages
January 14 2022 | |
Alanna, a conversational AI-powered virtual assistant for title agents, can now communicate in 54 different languages. Alanna is the title industry’s only conversational AI technology able to engage in complex conversations with clients via SMS text or web chat, often for customer service or information gathering.
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First American Announces Agreement to Acquire Mother Lode Holding Company and Its Operating Subsidiaries
January 12 2022 | |
First American Financial Corporation, a leading global provider of title insurance, settlement services and risk solutions for real estate transactions, announced today the signing of an agreement for First American’s acquisition of Mother Lode Holding Company, a California-based provider of title insurance, underwriting and escrow services for residential and commercial real estate transactions with 17 operating subsidiaries throughout the U.S., including its principal subsidiary Placer Title Company.
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Mortgage Applications Increase in Latest MBA Weekly Survey
January 12 2022 | |
Mortgage applications increased 1.4 percent from one week earlier, according to data from the Mortgage Bankers Association's Weekly Mortgage Applications Survey for the week ending January 7, 2022. The previous week's results included an adjustment for the holidays.
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Stewart Acquires Majority Interest in Great American Title Company
January 11 2022 | |
Stewart Information Services Corporation today announced the acquisition of a majority interest in Great American Title Company. GATCO is a leading provider of title and escrow services in the Greater Houston Metropolitan area, with the ability to operate in 38 counties across Texas.
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ALTA Good Deeds Foundation Provides Emergency Grant for Wildfire Relief
January 10 2022 | |
The American Land Title Association (ALTA) Good Deeds Foundation, the registered 501(c)(3) charitable organization founded by ALTA,the national trade association of the land title insurance industry, today announced it was awarding a $10,000 emergency grant to the Community Foundation of Boulder (Colo.) County for the Boulder County Wildfire Fund.
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Luxury Markets Across The Country See A Banner Year
January 07 2022 | |
Compass, Inc., a leading technology-enabled residential real estate brokerage, today released a market data report based on findings by Compass’ Senior Managing Director, EA Stribling-Kivlan. The report focuses on residential real estate market data from October 2021 and expands upon luxury trends across the country with a spotlight on three Compass markets: New York, NY, Los Angeles, CA, and Miami, FL.
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