American Land Title Association
Print Friendly
Home  >  News Room
News Room

SoftPro is the nation's leading provider of Real Estate Closing and Title Insurance software

North American Title Insurance Company is a seasoned title insurance underwriter that has been helping customers achieve the American dream of homeownership for more than 50 years. In the past several years, we have become known as the “underwriter next door,� because our associates are always easy to reach and our processes are, at all times, quick and straightforward. Our agency application process is fast and transparent for qualified agents. NATIC offers a one-hour underwriting response guarantee that is unparallelled in our industry. In addition, we value our agents based on their title industry knowledge and experience, not just on profits alone.

Sellers Lower Expectations

February 28, 2002

Buyer-seller Home Price Expectation Gap Narrows, HomeGain Reports

Inman News Features

The gap between what online home sellers hoped to get for their home and the amount online home buyers wished to pay slipped below $100,000 for the first time since November 2001, according to results of a study released today by HomeGain.

The January differential of $87,000 was down from a spread of $107,000 reported in December. In its monthly report, HomeGain said homeowners using the Internet to initiate a home sale in January expected to yield an average price of $229,000, down $15,000 or 6.1 percent, from November.

HomeGain Chairman and founder Bradley J. Inman said sellers were lowering their expectations. He also said low interest rates and larger inventories of for-sale homes might prompt buyers "who have been waiting on the sidelines to jump into the market this spring." Inman also is a founder and retains part ownership of Inman News Features.

Prospective buyers said they wished to pay $142,000, up from $137,000 in December.

Copyright: Inman News Service

Print Friendly

How To Find Us:
American Land Title Association
1800 M Street, NW, Suite 300S
Washington, D.C. 20036-5828
P. 202.296.3671 F. 202.223.5843
Copyright © 2004-2016 American Land Title Association. All rights reserved.
SecurityMetrics for PCI Compliance, QSA, IDS, Penetration Testing, Forensics, and Vulnerability Assessment