[New] TitleEase Announces Texas Title Agency

License

TitleEase, a title and settlement services franchise business based in Dallas, has announced it is now licensed as a title agency with the Texas Department of Insurance.

"We are thrilled to announce that TitleEase is licensed in the State of Texas and can provide title services and offer title franchises in that state," said Joseph D'Urso, CEO of TitleEase. "Texas is a great market for us to be in. According to Zillow, the Texas Home Values index increased 14.6% from 2021 to 2022. Zillow is also predicting in 2023 an increase in midwestern markets (inclusive of Texas). We have received high interest for franchises in the State of Texas and are excited we can now service those individuals."

In 2022, its licensing footprint has expanded exponentially. In addition to Texas, TitleEase has obtained title agency licenses in Colorado, Delaware, Florida, Georgia, Indiana, Maine, Michigan, Minnesota, Nebraska, New Jersey, New York, Rhode Island, Tennessee, Virginia and West Virginia. We will continue to add additional state licenses and expand our national footprint in the new year.

TitleEase provides a simplified, streamlined and fully compliant path for mortgage originators, servicers, real estate professionals and entrepreneurs to own and operate a title agency without the burden and expense of building a platform from scratch. Franchisees own a tangible asset with its own terminal value.

Rental Market Could Turn Negative In 2023

Existing single-family rent and price growth will moderate with the potential to turn negative on a year-over-year basis, The Texas Real Estate Research Center says. The rapid pace of rent and purchase price appreciation over the last two years was never sustainable and would have been forecast to slow even in the absence of other headwinds.

Existing-home sales will likely be lower in 2023 than they were in 2022. Elevated mortgage rates combined with elevated asking prices will slow sales even as price growth moderates.

The TRERC research team has made its economic forecast, including on housing, for 2023, given current conditions. TRERC forecasts that