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November 22, 2024

Smart equity access for today’s rates

With the Federal Reserve cutting rates, tapping into your home equity has become more appealing. Whether you opt for a loan, HELOC, or refinance, the right choice depends on your financial goals, repayment capacity, and current mortgage terms. Always proceed with a repayment plan to safeguard your home and finances.

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November 22, 2024

Families Spending 38% on Housing: Top Affordable and Costly Areas

The housing affordability gap continues to grow, with families spending an average of 38% of their income on housing. While coastal cities face severe cost burdens, the Midwest offers more affordable options.

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November 22, 2024

FHA Proposal Could Boost Homebuying with Rental Income

The FHA’s proposal to allow rental income in mortgage applications could make homeownership more achievable by reducing income history requirements and expanding verification options.

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November 22, 2024

U.S. Mortgage Rates Reach New Highs

Mortgage rates continue to rise, posing challenges for homebuyers amid high prices and limited inventory. Experts expect volatility ahead, with rates influenced by economic and geopolitical factors.

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November 15, 2024

Building Confidence in Homebuying

While financial barriers challenge potential homebuyers, most remain committed to achieving homeownership. Increased education about the mortgage and closing processes could empower consumers and enhance confidence.

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November 15, 2024

Foreclosure Trends in October 2024

Foreclosure activity rose slightly in October, with Nevada, Florida, and New Jersey leading the rates. Despite monthly increases, yearly declines highlight a housing market still stabilizing post-pandemic.

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November 15, 2024

Builders Have 108,000 Unsold Homes

Builders’ surplus of unsold homes hasn’t translated into better opportunities for buyers. Instead, rising costs and shifting strategies mean these homes are more likely to end up as rentals than affordable options for would-be homeowners.

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November 15, 2024

Gen Z's Homebuying Hotspots

Gen Z is rewriting the script for homeownership. While affordability challenges remain, cities in the South and West are emerging as hubs of opportunity for young adults aiming to buy homes in the next five years.

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November 8, 2024

Building Resilience in Real Estate

In uncertain times, partnering with a title company that exhibits financial strength, an excellent reputation, and a growth-oriented approach is crucial. These qualities empower title providers to navigate any market challenges, securing a brighter future for both themselves and their clients.

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November 8, 2024

The Essential Role of Title Insurance: Safeguarding Property Rights

Title insurance is a vital tool for protecting property ownership, focusing on preventing issues before they arise rather than dealing with losses afterward. Through extensive research, curative efforts, and technological advancements, title professionals help secure real estate transactions and safeguard property rights.

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November 8, 2024

Fed’s Expected Rate Cut: What It Means for the Market

The Fed is set to cut rates again, with market focus shifting to Chair Powell’s outlook amid political and economic uncertainties.

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November 8, 2024

Home Price Forecast 2025: Will Prices Finally Drop?

Home prices are unlikely to drop in 2025, though slower price growth and easing mortgage rates could improve affordability.

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October 29, 2024

Property Taxes on the Rise: Where They’re Surging and Why

Property taxes have surged in several U.S. metros, with Florida seeing the highest increases. Rising values and natural disasters drive these costs.

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October 29, 2024

Expanding Access: HUD and FHFA Boost Transparency in Home Appraisals

HUD and FHFA release expanded home appraisal data, aiming for accuracy and equity in property valuation.

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October 29, 2024

Is Your Property Safe? How Scammers Are Seizing Million-Dollar Real Estate

Real estate scammers are using fake deeds to claim ownership of luxury properties. Learn how they operate and how to protect yourself.

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October 29, 2024

Understanding Title Insurance: Essential Protection for Homebuyers

Title insurance protects property owners from issues in property ownership history. Learn the key types and benefits to secure your investment.

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October 22, 2024

Will Fed Rate Cuts Cause Home Prices to Rise?

Lower mortgage rates could trigger higher home prices as demand increases. Buyers should act soon to secure current prices.

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October 22, 2024

Assumable Mortgages Gain Popularity Amid Rising Rates

As mortgage rates hover around 6%, homebuyers are increasingly turning to assumable mortgages to secure lower interest rates, reviving a once-overlooked financing option.

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October 22, 2024

Hurricane Milton Drives Insurance Claims Above $100 Billion

Hurricane Milton's damage in Florida will push U.S. property insurance claims above $100 billion for the fifth consecutive year, highlighting continued pressures on the home insurance market.

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November 6, 2024

Strong Returns for Home Sellers Continue

Despite a slight dip in profit margins, U.S. homeowners are still enjoying significant returns from selling their properties, as high home values persist.

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November 6, 2024

Pressuring Homebuyers Amid High Prices

The average 30-year mortgage rate in the U.S. has climbed to 6.32%, increasing financial strain on homebuyers already contending with elevated home prices and a limited supply of available properties.

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October 15, 2024

The Fed's Rate Cuts: What It Means for Banks and the Path Ahead

With the Federal Reserve cutting interest rates, banks face a mix of opportunities and risks. While lower rates may benefit banks by easing funding pressures, uncertainties around inflation and net interest income (NII) still loom.

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October 15, 2024

Why Title Insurance is Essential in Mortgage Refinancing

Title insurance is a key protection during mortgage refinancing, ensuring both homeowners and lenders are safeguarded from potential title defects or claims. With refinancing activity on the rise, understanding the role of title insurance can help protect your home and financial future.

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October 15, 2024

Mortgage Refinancing on the Rise: What’s Fueling the Surge in 2024?

Mortgage refinancing is seeing a significant increase in 2024 due to falling rates and more flexible loan options. As rates are expected to continue declining, refinancing remains a viable option for homeowners looking to improve their mortgage terms.

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October 8, 2024

Housing 'Shrinkflation': Why Your Next Home Might Be Smaller but Just as Expensive

The housing market is seeing a 'shrinkflation' effect—homes are getting smaller, but prices aren’t dropping. This trend is driven by affordability concerns and changing demographics as builders adapt to the new reality.

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October 8, 2024

Florida’s Real-Estate Market on Shaky Ground Amid Back-to-Back Hurricanes

Florida’s real-estate market is under pressure from consecutive hurricanes and rising insurance costs. While some homeowners reconsider staying, the state’s coastal allure continues to attract investors despite the risks.

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October 8, 2024

Falling Mortgage Rates: The Housing Markets Poised for the Biggest Shifts

Falling mortgage rates will impact housing markets differently across the U.S. Cities with a high percentage of homeowners using mortgages, such as Washington D.C. and Denver, are expected to experience the biggest shifts.

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October 8, 2024

Prepare for Hurricane Milton: Essential Steps to Stay Safe

Prepare for Hurricane Milton by securing your home, stocking up on supplies, and staying informed. Follow evacuation orders and have an emergency plan in place to stay safe.

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October 8, 2024

Inflation Cools in August: Was the Fed's Interest Rate Cut the Right Move?

August inflation data shows cooling growth, reinforcing the Federal Reserve’s recent interest rate cuts. While the slowdown supports continued rate reductions, employment data will be key in guiding future policy decisions.

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October 8, 2024

Rent or Buy? How Falling Mortgage Rates Impact the Decision

Falling mortgage rates have sparked renewed interest in buying homes, but high prices and limited inventory mean that many renters are still opting to wait. For now, the decision to rent or buy remains a personal calculation based on finances, life stage, and location.

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September 30, 2024

Is Housing Affordability Finally Improving? Here’s What Two Reports Say

Housing affordability is improving thanks to falling mortgage rates and rising wages, but home prices remain a challenge, keeping homeownership out of reach for many.

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October 8, 2024

Protect Your Property Rights with Title Insurance

Protect your property rights with an owner’s title insurance policy, which offers lifelong security for you and your heirs against legal challenges, fraud, and title issues.

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September 23, 2024

A Game Changer for Affordable Housing: HUD Updates Manufactured Home Standards

HUD’s first major update to manufactured housing standards in over 30 years modernizes homes with innovative designs and expands affordable housing options across the country.

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September 23, 2024

Should You Refinance Your Mortgage? Lower Interest Rates Might Make Now the Perfect Time

With lower interest rates, refinancing could offer big savings, but it requires thoughtful planning. Be patient, calculate costs, and make sure the timing is right for you.

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September 23, 2024

Foreclosures Decline: What Florida Homeowners Need to Know

U.S. foreclosure rates are declining, but Florida remains one of the most affected states. With foreclosure starts and completions still high, homeowners and buyers need to stay informed about ongoing market shifts.

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September 23, 2024

25 Must-Know Title Terms for First-Time Homebuyers

Understanding these 25 essential title terms will help you navigate the homebuying process with confidence and avoid potential legal pitfalls. Knowledge is your best tool in securing a smooth and successful transaction.

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September 23, 2024

7 Powerful Reasons Why Every Homebuyer Needs Owner’s Title Insurance

Owner’s title insurance is a vital investment that protects your property rights from hidden risks. It’s a one-time cost that offers lifelong peace of mind for you and your heirs.

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September 23, 2024

What Every Lender Should Know: Attorney Opinion Letters vs. Title Insurance

Attorney Opinion Letters carry significant risks compared to title insurance. Lenders and title agents should be aware of the differences and opt for title policies to ensure comprehensive protection.

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September 16, 2024

Avoid These Common Closing Delays: How to Keep Your Home Sale on Track

Avoid closing delays by securing documents early, resolving title and inspection issues promptly, and maintaining clear communication throughout the process.

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September 16, 2024

Closing on Your New Home? Here Are the 6 Essential Steps to Expect

Closing on a home involves selecting a closing agent, conducting a title search, and securing title insurance. Follow these six steps to ensure a smooth final transaction.

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September 9, 2024

Home Prices Drop as Sellers Adopt ‘Patience and Modesty’: What It Means for Buyers

August saw a sharp increase in price cuts and home listings, signaling a shift in the housing market. Buyers are gaining more options and negotiating power as sellers adjust to high mortgage rates and slowing sales.

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September 9, 2024

A Crucial Moment for the Economy and Fed Policy

Friday’s jobs report will be pivotal in determining the Federal Reserve’s next steps on interest rates. Economists expect nonfarm payrolls growth of 161,000 and a slight decline in unemployment, but recent trends hint at a slowdown in hiring.

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September 23, 2024

Why the 30% Rule No Longer Works: How Americans Struggle to Afford Homes in 2024

The outdated 30% income rule for homebuyers is no longer viable due to skyrocketing home prices and high mortgage rates, forcing many Americans to stretch their budgets or seek alternative financing strategies.

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September 6, 2024

Housing Market Optimism Grows as Buyer Affordability Improves

Mortgage rates dipping below 7% and increased housing inventory have improved affordability for U.S. homebuyers in July, providing much-needed relief in the housing market.

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September 6, 2024

Housing Inflation Set to Decline: Federal Reserve Signals Relief Ahead

U.S. housing inflation is expected to decrease in the coming year, according to new research by the Federal Reserve Bank of San Francisco. This decline may contribute to lowering overall inflation pressures in the economy.

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September 6, 2024

Job Openings Drop Sharply in July, Signaling Labor Market Softening

Job openings fell to a 3.5 year low in July, with the labor market showing signs of cooling. The decline in available positions and increase in layoffs suggest a shift in labor dynamics, prompting discussions about potential Federal Reserve interest rate adjustments.

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September 6, 2024

Mortgage Market Sees Uptick as Rates Fall for Fifth Straight Week

As mortgage rates continue their decline for the fifth consecutive week, home buyers are gradually reentering the housing market. While activity is still subdued, the recent drop in rates has sparked a slight increase in mortgage applications.

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September 23, 2024

What’s Next for Mortgage Rates? Fall 2024 Forecast Unveiled

Experts predict a gradual decline in mortgage rates this fall, but the extent of the drop remains uncertain. Homebuyers should focus on their budget and consider locking in rates now.

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August 27, 2024

Federal Judge Halts FTC's Noncompete Ban, Sparking Legal Battle

A federal judge blocked the FTC's nationwide ban on noncompete agreements, citing agency overreach. The decision marks a critical victory for businesses but signals ongoing legal battles.

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September 23, 2024

The High Cost of Cheap Homes: Why Americans Are Flocking to Disaster Zones

Affordable housing is drawing Americans to high-risk flood and wildfire zones, but the long-term costs could outweigh the initial savings.

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August 27, 2024

Loan Amounts Surge as Mortgage Volume Drops: Key Q2 Insights Unveiled

Despite fewer loans being issued, loan amounts increased in Q2 2024, with alternative loan products like HELOCs gaining popularity due to persistent high mortgage rates.

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August 20, 2024

Rising Costs of Data Breaches: How Lenders Got Affected

Data breaches are becoming increasingly expensive for financial institutions, with average costs rising to $6.08 million per incident. Despite some companies mitigating these expenses through AI and law enforcement collaboration, recovery remains lengthy and costly, highlighting the ongoing need for robust cybersecurity measures.

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August 20, 2024

Housing Construction Hits a Slump: Builders Battle Multiple Challenges

Housing construction saw a sharp decline in July, with housing starts falling to the lowest level in over four years. Builders face challenges from high loan rates to labor shortages, signaling tough times ahead for the housing market.

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August 20, 2024

The Federal Reserve's High-Stakes Week: Can Powell Steer Through the Economic Crossroads?

The real estate industry is facing major changes due to a $418 million settlement by the National Association of Realtors. New rules starting August 17, 2024, will bring transparency to agent commissions, disrupting traditional fee structures. Agents and loan officers must adapt and collaborate to thrive in this evolving market.

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September 23, 2024

Big Changes: What Real Estate Agents Need to Know

The real estate industry is set for major changes starting August 17, 2024, following a $418 million settlement by the National Association of Realtors. New rules will require transparency in agent compensation and ban offers from brokers to buyers in the MLS. These changes could disrupt traditional commission structures and reduce agent earnings. Real estate agents and loan officers are encouraged to strengthen partnerships, adapt to the new landscape, and explore innovative programs to stay competitive.

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August 12, 2024

Here’s How It Could Affect Home Buying: Real Estate Commission Rules Are About to Change.

New real estate commission rules could lead to more transparency and negotiation in home buying, potentially lowering costs but also posing challenges for first-time buyers.

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August 12, 2024

Protecting Seniors from Growing Real Estate Scams

Elderly Americans are increasingly targeted by sophisticated real estate scams, losing millions each year. A collaborative effort from the government and private sector is essential to combat this growing issue.

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August 12, 2024

Is It the Right Time to Buy?: Mortgage Rates Hit Lowest Point in Over a Year

Mortgage rates have dropped to their lowest in over a year, but experts advise buyers to consider long-term financial stability and the total cost of homeownership before making a purchase.

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August 19, 2024

Smaller Homes, Bigger Opportunities for First-Time Buyers

New homes in the U.S. are shrinking in size as builders respond to rising costs and changing buyer preferences, making smaller, more affordable homes an attractive option for first-time buyers.

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August 12, 2024

5 Types of Homes That Are Expected to Lose Value in 2024

In 2024, homes in climate-vulnerable areas, outdated single-family homes, luxury urban condos, properties near polluting industries, and oversized homes in declining neighborhoods are expected to lose value. Economic uncertainties, a shift towards sustainability, modern amenities, and climate resilience, along with remote work trends, are driving these changes.

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August 12, 2024

Homes Linger on the Market Longer in Many U.S. Cities, Especially in Florida

In 2024, many U.S. cities, especially in Florida, are experiencing longer wait times to sell homes, with a significant percentage of listings staying on the market for over 30 days. This trend highlights challenges in the real estate market, such as rising mortgage rates and economic uncertainty.

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August 12, 2024

Almost Half of US Homes Are Now 'Equity-Rich': ATTOM

Homeowner equity in the U.S. saw a significant boost in the second quarter of 2024, with nearly half of all mortgaged homes considered "equity-rich." This increase, driven by rising home values, ended a trend of declining equity and also reduced the proportion of "seriously underwater" homes to the lowest level since at least 2019. The strongest gains were observed in more affordable markets in the South and Midwest, reflecting the ongoing strength of the housing market despite affordability challenges for new buyers.

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August 12, 2024

Florida Housing Market Trends: July 2024 Update

In July 2024, Florida's housing market experienced a slight dip in home prices, with a modest 0.2% decrease. Despite a 3.3% increase in inventory, buyers still faced a competitive market due to high demand and rising interest rates. This dynamic has kept the average time for homes on the market steady at 55 days. The state's market remains vibrant, yet challenging, reflecting broader national trends.

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August 12, 2024

Top 10 Best States for Buying and Selling a Home in 2024

Explore the top states for buying and selling homes in 2024, where high interest rates and limited supply challenge both buyers and sellers, but these ten states offer promising opportunities.‍

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August 12, 2024

Bill Introduced to Grant 20% Tax Credit for Residential Conversions

A new bill proposes a 20% tax credit to convert vacant commercial properties into affordable housing, aiming to ease the housing crisis.

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August 12, 2024

Mortgage Rates are Falling: 5 Key Moves to Make Now

Mortgage rates are falling, offering a window of opportunity for homebuyers. Secure a pre-approval, lock in favorable rates, and explore loan options to succeed in today's competitive market.

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August 12, 2024

Rising Inventory and Price Cuts

June 2024 saw a 23% rise in home listings, with nearly one in four sellers cutting prices. Home value appreciation slowed to 3.2%, with a forecasted 1% rise through June 2025.

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June 5, 2024

The Importance of Title Insurance in Real Estate Transactions

Title insurance is often overlooked but plays a crucial role in protecting homebuyers and lenders from potential issues with a property's title. This article explores the benefits of title insurance and why it's essential to include it in your closing transaction for peace of mind and safeguarding your investment.

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June 4, 2024

The Evolution of Real Estate Commissions

The real estate industry is on the brink of significant change following a federal lawsuit challenging inflated commissions. With NAR settling and adjustments expected, homebuyers may soon shoulder their agents' fees, sparking price competition. Amidst this evolution, sellers have alternative options to explore.

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June 6, 2024

Gen Z Prioritizes Housing Affordability in Elections

Gen Z voters prioritize housing affordability in the upcoming election, with 91% considering it a crucial issue. This sentiment resonates across generations, highlighting the pressing need for policymakers to address the housing crisis.

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June 5, 2024

Demystifying Closing Costs

Learn about the various components of closing costs, how they are calculated, and what to expect when finalizing your mortgage. Discover tips to prepare for these expenses and streamline your home buying process with the Simply Agent One App.

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June 4, 2024

America's Housing Crisis: 1.5M Homes Needed

The U.S. housing market faces a severe shortage, requiring at least 1.5 million additional homes to ease the crisis. Despite high demand, homebuilders struggle to keep up due to regulatory and supply chain challenges. Policymakers and builders must collaborate to address affordability and meet the housing needs of Americans.

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May 28, 2024

A Full House of Fun: Simply Title's Poker Night Extravaganza!

On May 3rd, Simply Title hosted their 3rd Annual an unforgettable Poker Night filled with delicious food, drinks, and lively competition. The evening ended with three lucky winners and an exciting tie for third place, bringing the community together for a night of fun and camaraderie.

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May 22, 2024

Boost Your Real Estate Business with Social Media

Discover the benefits of using social media for real estate marketing, essential tools like the SimplyAgent One App, and strategies to stand out and engage effectively with potential clients.

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May 22, 2024

Affordable Homes Abound in the South, Holding 57% of U.S. Inventory

Despite high mortgage rates, the housing market shows promise with increased inventory, stable prices, and more price reductions. The South leads in affordable home listings, making it a prime spot for buyers.

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May 22, 2024

Mortgage Credit Availability Steady Amid High Rates

Mortgage credit availability remained steady in April as lenders downsized their programs amid high mortgage rates, according to the MBA. Despite a slight increase in credit availability, lending standards continue to be restrictive.

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August 12, 2024

Check out our feature OrlandoVoyager Magazine!!

Simply Title... it's simple. We are here and here to stay!

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February 2, 2023

U.S. Housing has Doubled in Value over the past 10 years!

2021 was a phenomenal year in real estate!

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May 22, 2024

Foundation Tips for Florida Homeowners

Because of the long periods of heat, Florida can be infamous for its fair share of foundation issues. As the weather becomes dry and hot, the soil around your home will contract and possibly cause your house to shift.

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April 4, 2022

All about IG for Real Estate Professionals

Instagram can be a powerful marketing tool for real estate professionals. Be creative and consistent.

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