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Lumber falls to fresh 2022 lows

Lumber prices fell to fresh 2022 lows on Tuesday as rising interest rates and inflation cool down the housing market. Mortgage rates for the popular 30-year fixed remain above 5%, which has led to a slowdown in mortgage applications. Rising inflation put a dent in the...

First-time homebuyers, inventory expected to rebound in 2024

Market Data Friday, April 1, 2022 The housing market is expected to return to pre-pandemic norms in terms of inventory and the share of purchases made by first-time homebuyers by 2024, according to a panel of housing market experts polled for the Zillow Home Price...

Home prices gains hit a record high

Home prices climbed 16 percent year-over-year in February to an all-time high of $389,500 as the number of homes for sale fell to a new low, according to a Redfin report. The lack of inventory is holding back home sales, which were down 4 percent month-over-month,...

Cyber Losses Hit $6.9B in 2021

ALTA Blog 3/23/22 America experienced an unprecedented increase in cyberattacks and malicious cyber activity as U.S. consumers lost $6.9 billion to internet crime in 2021, according to the latest report from the FBI’s Internet Crime Complaint Center (IC3). According...

WEST issued an alert for industry members

WEST issued an alert for industry members to be on the lookout for watering hole attacks after an escrow assistant became the victim of one. It noted that recently an escrow assistant was searching online for a subordination agreement and thought they had found a link...