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Higher Interest Rates Keep Single-Family Housing Starts Flat in April
“While the start of the year has seen an expansion for single-family home building because of a lack of existing home inventory, home building activity leveled off in April as higher interest rates, tighter lending conditions and lower home building sentiment acted as headwinds on new home construction,” said Carl Harris, chairman of the National Association of Home Builders.
Proof and Socure partner to combat fraud and forgery in the $200 trillion exchanged through contracts, authorizations, and forms
"With the explosion of new fraud vectors, our mission at Socure remains steadfast: use AI to deliver the most accurate anti-fraud and identity verification solutions in the industry," said Johnny Ayers, founder and CEO of Socure.
Real Title Services
MBA President and CEO Bob Broeksmit, CMB, Takes Aim at Basel III, Overregulation; Calls for a "National Housing Director" in Exchequer Club Speech
"Taken as a whole, the administrative state is creating what I call 'regulatory knots.' As these knots grow, they restrict and even strangle businesses and consumers. To be clear, I’m not discussing mere over-regulation, which is a real problem. Rather, I’m advocating for regulatory clarity and consistency. We need to untangle the regulatory knot, for the sake of the American people."
Mortgage Applications Increase in Latest MBA Weekly Survey
“While the downward move in rates benefits prospective homebuyers, mortgage rates are still much higher than they were a year ago, while for-sale inventory remains tight,” said Joel Kan, MBA’s Vice President and Deputy Chief Economist.
Higher Mortgage Rates Hammer Builder Confidence in May
“The market has slowed down since mortgage rates increased and this has pushed many potential buyers back to the sidelines,” said NAHB Chairman Carl Harris.
April New Home Purchase Mortgage Applications Increased 22.1 Percent
“New home purchase activity increased at a healthy pace in April 2024 after a slight pause in March. Applications to purchase newly constructed homes increased 22 percent over the year and have now shown annual gains for 15 consecutive months,” said Joel Kan, MBA’s Vice President and Deputy Chief Economist.
NAR Calls on Real Estate Technology Startups to Apply for Pitch Battle Competition
“NAR is committed to fostering innovation in the real estate industry, and the Pitch Battle competition is an excellent opportunity for startups to shine,” said Alex Lange, NAR vice president, strategy and innovation.
Mother Lode Holding Company Acquires Wisconsin Title Service Company Inc. and Its Sister Company
“Joining Mother Lode Holding Company will provide new opportunities for our staff as we continue to provide our customers with the same outstanding service they expect from us, with the added value and capabilities of an industry leader,” said Hoyer.
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How Are High Mortgage Rates Affecting the Spring Homebuying Season?
It's the season of new beginnings and fresh starts: Spring cleaning, the outdoors, weddings, gardening and. real estate. But in a housing market marked by high mortgage rates, low housing inventory and steep home prices, we still haven't seen a typical spring homebuying season. Though mortgage application volume is higher than it was last fall when home loan rates peaked above 8%, it's still 10% lower than it was last year.

UWM expands program that dispenses with title insurance
The nation's largest mortgage lender is once again ruffling feathers in the title insurance industry, by expanding a program that it says saves borrowers time and money by cutting title and settlement services providers out of the process on some loans. "As a result, a broker will no longer need to work with a title company or settlement agent for title work, balancing fees, scheduling closing or any related communication when they use TRAC+," UWM said in a press release.

Redfin Reports the Median U.S. Home Price Hit an All-Time High of $434,000 in April
The median U.S. home sale price rose 6.2% year over year in April to $433,558-the highest level on record, according to a new report from Redfin, the technology-powered real estate brokerage. Today's housing market is much slower than it was during the pandemic homebuying boom, but prices continue climbing because there still aren't enough homes to go around.

Can Someone Really Steal Your Home in Louisiana?
According to Lafayette expert Randy Olson, an attorney who specializes in real estate law in Louisiana, the phrase "steal your home" is a little too broad. The short answer is that no one will come to the door of a home you own and kick you out because they "stole it." As Olson with Lafayette' Prime Title explains, the whole mess could cause you serious headaches and grief, and scammers are the culprits.

Progress stalled at Frontier Town due to frontier-era land title issue
There's been an effort in recent years to revitalize North Hudson in the eastern Adirondacks. The amusement park known as Frontier Town drew big crowds to the area from the 1950s until the 1990s, but the park has been vacant ever since. New York State has invested more than $19 million in a new Frontier Town campground in North Hudson, part of a push to make it a gateway to Adirondacks. But additional state development has stalled on 300 acres of land because of a legal issue dating back more than a century.

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