Title Insurance Premiums Jump 4.3% in the First Quarter of 2010

By
Real Estate Agent with Palatium Auction and Appraisal Service, Real Estate Auctions, Estate, Moving, Downsizing Auctions 618-233-1000 USPAP Appraisals proesch@ptauctions.net

Title insurance premiums written during the first quarter of 2010 inched up 4.3 percent when compared to the same quarter last year, the American Land Title Association (ALTA) recently reported.

According to ALTA’s preliminary Market Share Analysis, the title insurance industry generated $2.07 billion in title insurance premiums during the first quarter of this year, up from $1.98 billion during the first quarter of 2009.

“While the housing market is still in the sickbed, its vital signs are stabilizing,” said Kurt Pfotenhauer, CEO of

Washington, D.C.-based ALTA. “With transactions still being closed from the homebuyer tax credit, we are hopeful positive trends will carry through into the second quarter and beyond.”

In total, 30 states experienced year-over-year increases in title insurance premiums, ALTA said.

States with the largest increase in premiums during the first quarter of this year compared to the same period a year ago were Iowa, Maine, Nebraska, and Minnesota. Meanwhile, California, Texas, Florida, New York, and Pennsylvania generated the most title insurance premiums during the quarter.

And signifying the growing importance of title insurance outside the United States, Canada reported a 57 percent increase in title insurance premiums, ALTA said.

“The financial security that title insurance provides consumers, lenders, and investors is something that other countries such as Canada are embracing,” Pfotenhauer said. “The use of title insurance helps create a uniform standard of purchasing real estate within a local community based process and allow consumers to enjoy lower overall costs associated with purchasing property.”

Read the report

Posted by

Paul
Paul Roesch
Realtor, Auctioneer, CAI, AARE, CES, GPPA, ATS
Marketing Director 
Certified Distressed Property Expert, CDPE
618-407-8479 cell
proesch@ptauctions.net

 Add me as a Friend on Facebook Paul M. Roesch                                                                        

Free Sign Bidder Early Bird Notification of Upcoming Auctions

Auctionitnow  Father Time Auctions St Louis MO

All original text, video, and photo content is the exclusive property of Paul Roesch and / or Palatium Auctions (the Company) and may not be used without expressed written permission. All information deemed reliable but not guaranteed. All personal, real and intellectual property is subject to prior sale, change or withdrawal. Neither the Company or information provider(s) shall be responsible for any typographical errors, misinformation, and misprints and shall be held totally harmless. Listing(s) information is provided for consumers personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. The Company has no control over the quality, safety or legality of the Auction Items listed, the truth or accuracy of the listings or any other information provided by Sellers about the Items. Listings may be sold, withdrawn at any time or subject to change without notice.

close

Re-Blogged 1 time:

Re-Blogged By Re-Blogged At
  1. Dan Edward Phillips 06/20/2010 06:25 PM
Topic:
ActiveRain Community
Location:
Missouri Saint Louis County
Tags:
title insurance
auctioneer
paul roesch real estate
st louis mo accredited real estate auctions
fathert time auctions

Post a Comment
Spam prevention
Spam prevention
Show All Comments
Rainmaker
684,312
Dan Edward Phillips
Dan Edward Phillips, Humboldt and Del Norte Counties, CA - Eureka, CA
Humboldt and Del Norte Counties, CA

Very good blog, I was not aware and I appericate the update!

Jun 19, 2010 05:11 PM #1
Rainer
133,145
Bryan Watkins
LRA Real Estate Group - Mesa, AZ

Well, it is not as bad as prices of home jumping that much, I would say. nice post.

Jun 19, 2010 05:18 PM #2
Post a Comment
Spam prevention
Show All Comments

What's the reason you're reporting this blog entry?

Are you sure you want to report this blog entry as spam?

Rainmaker
402,475

Paul Roesch CDPE 618-233-1000

Real Estate Auctioneer CAI St Louis MO Auctions
How Does an Auction Work
*
*
*
*
Spam prevention

Additional Information