Title insurance is boring, but Allied Title & Escrow is here to decode the jargon and make it (somewhat) more interesting. This biweekly feature will explore the mundane (but very necessary!) world of title insurance while sharing interesting stories of two friends’ entrepreneurial careers.
For this week’s edition of Boring Title, we give our market update from what we’ve seen in September and the beginning of October.
The housing market remains a seller’s market through September. This has been consistent throughout the pandemic. While a high demand for new homes carries on, it has driven active listings down and home prices up.
However, the strong demand was met with the most new listings since the start of the pandemic. This could be an indication of the housing market normalizing as the holidays approach. As for now, expect selling prices to remain high.
If you are looking to potentially refinance, it could be a great time to lock in a rate as they have stayed close to historic lows. Just make sure you shop around first. If you ever need a recommendation for a lender, feel free to reach out to us and we can give some recommendations!
Have questions related to title insurance? Email Latane and Matt at [email protected]. Want to use Allied Title & Escrow when you buy a home? Tell your agent when you buy a house to write in Allied Title & Escrow as your settlement company!