When TikTok launched in 2017, it was known as a platform for viral dance videos. Since then, its roughly 1 billion users turn to the social media app for videos on an array of topics, from comedy to cooking to something called #RushTok—an oddly intriguing look at the sorority and fraternity recruitment process on various college campuses. … Read More
Where to Watch Fireworks in 2022
FRIDAY, JULY 1ST RICHFIELD: Band Shell, 636 E 66th St, Richfield, MN 55423. This year there will be a Laser Light Show in place of fireworks. This may be the best option for small kids or those who are sensitive to loud booms. SAINT PAUL: CHS Field, 360 N Broadway St, St Paul, MN 55101. Fireworks show after the Saints … Read More
TitleSmart Technology: Always on the Cutting Edge
TitleSmart is always on the cutting edge of technology to better service our clients. If there is an advancement in the title industry that can benefit the customer experience, we will implement it as quickly as possible. Here are a few examples of how technology is improving the customer experience at TitleSmart and changing … Read More
FHA, Fannie Mae, Freddie Mac Raise Loan Limits
The Federal Housing Administration (FHA), Fannie Mae, and Freddie Mac are backing larger mortgages now that the 2020 loan limits have gone into effect. The higher loan limits went into effect on January 1, 2020. The Federal Housing Finance Agency (FHFA) made the announcement in November 2019 that it would begin allowing mortgage borrowers … Read More
Buyers Waiting for Home Prices to Drop Likely to Be Disappointed, Says New Report
Researchers at First American Financial Services looked at how the U.S. housing market has fared historically during recessions. Based on past data, the next recession is unlikely to trigger a major housing downturn. Read the full story here.
iBuyers Gain Market Share in Some Cities
iBuyers are increasing their market share in some U.S. markets, finds a new Redfin analysis. iBuyers purchased 3.1 percent of homes in 18 markets during the third quarter of 2019. This figure marked a 1.6 percent increase in the market share for iBuyers since a year earlier. Read the full story here.
Boomers Expected to Put Millions of Homes on the Market in Coming Decades
Baby Boomers, the second largest generation behind the millennials, have already started aging into retirement. In the coming years, a flood of homes that are currently owner-occupied are expected to hit the market. The phenomenon, coined the Silver Tsunami, could help ease the inventory drought that has plagued the U.S. housing market in recent … Read More
Real Estate Trends To Watch For In 2020
A new forecast from Realtor.com predicts an uncertain year for U.S. housing markets as changing economic and political conditions impact the country. The U.S. housing market will continue to slow in 2020 as housing inventory declines to historic lows and economic uncertainty causes consumers to reduce their spending even further, according to the Realtor.com … Read More
The Ramblings of a Title Man – Notre Dame Cathedral!
On April 15, 2019, the world watched as images were streamed across the globe of the fire that destroyed the Notre Dame Cathedral in Paris, France. Over 400 first responders worked to save the 850-year-old structure and its valuable contents. A “bucket brigade” was set up to ferry artifacts from the vaults to safety. In … Read More
The Ramblings of a Title Man – The Very First Escrow?
Who was the very first title agent in America to disburse escrow funds? That question is very hard to answer. There is no clear point in time that use of closing agents and “escrows” became commonplace in our real estate system. Each state took a different road to the use of escrow agents, attorneys or … Read More