In many respects, 2018 was a year to remember. Unfortunately, much of what will be remembered in our industry was not positive. Two of the “highlights” of the year were:
- A continued slow housing market despite low interest rates, much of it caused by a shortage of existing homes on the market.
- Cyber-crime in the form of increasing attempts to defraud home buyers.
On the real estate economy and it’s prospects for 2019, NAR has noted recently an uptick nationally in homes available for sale during the first six months of 2018. Let’s hope that trend continues. That’s really the key to growth in our industry in the coming year. See page 4 for more discussion about the real estate economy and perspective from respected industry sources.
Equally as important as a growing real estate economy is preventing cybercriminals from stealing our customer’s money as they move toward closing on a new home. Please see page 3 for more information about preventing cybercrime with tips from the FBI.
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This story appears in the first quarter 2019 edition of ASSURANCE newsletter from Prairie Title.