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Title Industry Responds to COVID-19: Our Title Is Protection

Title insurance professionals take pride in protecting their customers by ensuring that their home is theirs when they make one of the biggest financial decisions of their lives. In the midst of the COVID-19 pandemic, the title insurance industry has stepped up even more to help their communities. Whether it’s volunteerism, or innovation to get deals closed during this time of social distancing, the title industry is here to provide protection today, tomorrow, and forever.


NAR Commercial Real Estate Outlook

NAR Commercial Real Estate Outlook

By Frank Pellegrini

NAR Commercial Real Estate Outlook

Expanding at a Strong Pace

NAR’s latest Commercial Real Estate Outlook offers overall projections for four major commercial sectors and analyzes quarterly data.

Highlights included:

  • With economic output and employment trends continuing on an expansionary path, commercial fundamentals are expected to exhibit solid demand and increasing cash flows.
  • Vacancy rates will likely provide mixed results, with multifamily undergoing growing availability from an expanding supply pipeline.
  • Office and retail properties will likely see vacancies move sideways, while industrial spaces will find rent growth advancing at a steady pace.
Condo Deconversion Wave Hits Chicago

Condos are becoming rental properties at a brisk pace in Chicago, with more than 20 deconversions in the city over the two years from July 2016 to July of this year, Bisnow Chicago reports.

The deconversions have been in buildings ranging from quite small — fewer than 10 units — to more than 300 units, according to the midyear Condo Deconversion Report by Avison Young’s Chicago office, citing Real Capital Analytics data.

Demand by investors for rental apartments is driving the trend, Bisnow notes. Also, as many older buildings are facing significant capital investments for repairs and upgrades, a deconversion might obviate the need for a special assessment.

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This story first appeared in the fourth quarter 2018 edition of Assurance News from Prairie Title.
Download Assurance-4th Quarter-2018