New home sales rallied again in July, rising 13.9% to an annual rate of 901k, after substantial gains of 15.1% and 20.5% in June and May. New home sales are mow at their highest since 2006, supported by pent-up demand and rock bottom rates. The current sales pace is 36.3% above the July 2019 annualizedRead more
The depth and duration of the pandemic is unknown. While some economies overseas are already recovering, the contours of the recovery vary by country, which makes forecasts of economic activity much more uncertain than usual. We assume that most of the economic damage from the virus is contained to the first half of the year.Read more
Existing home sale plunged 17.8% in April to an annual rate of 4.33 million, roughly matching expectations for an annual rate of 4.325 million. The decline last month follows a sharp drop of 8.5% in March and an annual rate of 5.27 million. Sales are trending much lower because of pandemic restrictions and are nowRead more
It is with great honor and a privilege to introduce the Ticor 2019 Employee of the Year. Being recognized by your peers is the truest sign of leadership and exemplifies excellence in what you do. Walter is committed to carrying out the responsibilities of our organization to the fullest. He is enthusiastic in taking onRead more
Existing home sales rose in October, gaining 1.9% to an annualized pace of 5.46 million following a 2.5% decline in September to an annual rate of 5.36 million. With the gain, existing home sales continue to trend higher and are now up 4.6% from October 2018. Regionally, sales were mixed with gains of 1.6% andRead more
Existing home sales rose again in August, gaining 1.3% to an annual pace of 5.49 million following a 2.5% gain in July to an annual rate of 5.42 million. With the gain, existing home sales are trending moderately higher, and are now up 2.6% from August 2018. Regionally, sales were mixed, with gains in theRead more
How often do homeowners actually put 20% down? The National Association of Realtors reports that in 2018, the median down payment was 13% for all buyers and 7% for first-time buyers. Despite the data, many people still have a false perception of how much they need for a down payment – or they’re dissuaded onceRead more
TICOR TITLE CONTINUES STRONG MOMENTUM OF 2019 Ticor Title is a member of the Fidelity National Financial family of companies and the nation’s largest group of title companies and title insurance underwriters – Fidelity National Title, Chicago Title, Commonwealth Land Title, Alamo Title and National Title of New York – that collectively issue more titleRead more
As widely expected, the FOMC cut the target for the federal funds rate by a quarter point to a range of 2.00% to 2.25%. The Fed cited slower global economic growth and softer business investment along with continued and muted inflationary pressure for the move. The Committee also decided to move up plans by twoRead more
We are officially in the heart of summer, and can you believe we’ve only got another month or so before Fall is upon us? August holds some great events all over Orange County and Ticor Title’s Calendar of Events has a list of them for you to enjoy. Download the calendar here. To learn moreRead more