The Role of Housing in the Longest Economic Expansion is a special report examining the role and performance of the housing sector during the ongoing 121 months of consecutive economic expansion in the United States, the longest period on record. Here are the Key Findings on the Economic Influence of Housing: The number of homesRead more
With constant, busy lives, the dream for many Americans is to find that special place to get away from it all. It is not surprising that the number of vacation homes has grown 29% nationwide since 2009. Did you know that you can sell your investment real estate and reinvest the gain, tax deferred, toRead more
Home prices nationwide, including distressed sales, increased year over year by 3.6% in May 2019 compared with May 2018 and increased month over month by 0.9% in May 2019 compared with April 2019 (revisions with public records data are standard, and to ensure accuracy, CoreLogic incorporates the newly released public data to provide updated results.)Read more
We want to wish everyone a happy (shortened) work week and a Happy Independence Day! As we celebrate and remember all of the things that make our country great this coming 4th of July … here is a neat list of places to view fireworks, celebrate Independence Day, and a bunch of other great eventsRead more
According to Mark Hanson, SVP, Securitization for Freddie Mac: “We take the loans we purchase and package them into mortgage-backed securities (MBS) bonds that offer a stream of revenue derived from borrower payments. The securities are sold globally to investors, including insurers, pension managers, money managers, REITS and foreign central banks via the TBA markets.”Read more
The Financial Crimes Enforcement Network (FinCEN) announced that it will continue revised Geographic Targeting Orders (GTOs) that require U.S. title insurance companies to identify the natural persons behind shell companies used in all-cash purchases of residential real estate until November 11, 2019. The purchase amount threshold, which previously varied by city, is now set atRead more
The U.S. housing finance system changed significantly this week as the Uniform Mortgage-Backed Security (UMBS) went live, merging Freddie Mac and Fannie Mae To-Be-Announced (TBA) markets into one TBA market. While not a change you’ll see on your local news, the UMBS will have real, positive impacts on homebuyers, taxpayers, and investors from around theRead more
Accessory Dwelling Units (ADUs) are known by many names: granny flats, in-law units, backyard cottages, secondary units and more. No matter what you call them, ADUs are an innovative, affordable, effective option for adding much-needed housing in California. What are the benefits of ADUs? • ADUs are an affordable type of home to construct inRead more
Summer is just around the corner and Ticor Title’s June Calendar of Events is now available! Check out our calendar for local events taking place in your Orange County neighborhood this month! If you have questions on any of the events mentioned, give us a call! If you’d like a copy of the calendar, contactRead more
The homeownership rate in the United States is percentage of homes that are owned by their occupants. In 2009, it remained similar to that in some other post-industrial nations with 67.4% of all occupied housing units being occupied by the unit’s owner. Homeownership rates vary depending on demographic characteristics of households such as ethnicity, race,Read more