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Hispanic buyers prop up U.S. housing market

The homeownership rate for Hispanics grew more during the past several years than for any other race or ethnic group, including whites, according to the Wall Street Journal. Since 2015, overall homeownership rate has risen 3.3 percentage points. During the past decade, Hispanics made up 63 percent of new U.S. homeownership, despite only accounting for 18 percent of the total U.S. population, according to the National Association of Hispanic Real Estate Professionals.
Report: Losses Due to Business Email Compromise Schemes Spike to $301M per Month

Report: Losses Due to Business Email Compromise Schemes Spike to $301M per Month

Losses due to business email compromise schemes increased to $301 million per month, according to the latest report from the Financial Crimes Enforcement Network (FinCEN). This is increase from $110 million per month in 2016. FinCEN reported that overall, the number of BEC suspicious activity reports (SARs) increased to 1,100 per month last year, which was up from 500 reported per month in 2016.

Demotech affirms Agents National, Security Title’s FSR

Demotech, Inc. recently affirmed the financial stability ratings (FSR) of A, Exceptional, assigned to both Agents National Title Insurance Co. (ANTIC) and Security Title Guarantee Corp. of Baltimore. Demotech said ANTIC’s and Security Title’s FSR level are “assigned...

Housing Market Check-In: 6 Expert Predictions For The Second Half Of 2019

The year has so far been a promising one for would-be home buyers. The seemingly unending rise in home prices started to slow and mortgage rates dipped to unexpected lows. Both were good news for Millennials who—despite the never-settle-down stereotype—are yearning to become homeowners. Still, despite suggestions that a buyer’s market might be on the horizon, that dream has yet to be realized. “First-time buyers can expect less competition than last year, but it’s still very much a seller’s market in most places,” says Ralph McLaughlin, deputy chief economist for property data firm CoreLogic.