News Brief: November 2023

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News Brief Residential Sector

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Wire Fraud is Rampant – How Title Agents Are Finding Help The elevated risk of wire fraud is a major concern for title agents. Last year, nearly $3 billion in business email compromise losses were reported by the FBI – a 4X increase in just five years. Read on to learn how title agents are fighting – and winning! – the battle against cyber thieves. By: TheTitleReport.com | Read the Article >

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Top 5 home improvement projects real estate agents should recommend to sellers Across the country, homes are spending more days on the market as interest rates rise. Many sellers have returned to offering concessions and dropping prices to entice buyers. Here are the top five home improvement projects generating the highest ROI to recommend to sellers. By: Olivia Mariani Stuart, HousingWire.com | Read the Article >

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Potential buyers waiting to see effect of higher rates on demand and prices A big part of Fannie Mae Chief Economist Doug Duncan’s job is to sort out current housing market trends. That’s not easy at the moment because they’re particularly convoluted. In this wide-ranging conversation with Fannie Mae Chief Economist, Doug Duncan, he unpacks the contradictions. By: Diana Olick, CNBC.com | Watch the Video >

Commercial Sector

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The future of real estate in a hybrid world Hybrid work has roiled the real estate market – and it’s here to stay, according to new research from the McKinsey Global Institute. Listen to The McKinsey Podcast’s conversation about how the persistence of the pivot to working from home has transformed the places we work, live, shop, and socialize – and about the unique opportunity hybrid presents to rethink real estate for our changing future. By: Aditya Sanghvi and Jonathan Woetzel, The McKinsey Podcast | Listen to the Podcast >

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Electric vehicle charging stations are a hot commercial property amenity Commercial property owners and investors are stepping in to alleviate electric vehicle drivers’ concerns over finding a charging station. By: Megan Cerullo, CBSnews.coms | Watch the Video >

First American Title Insurance Company makes no express or implied warranty respecting the information presented and assumes no responsibility for errors or omissions. First American, the eagle logo, First American Title, and firstam.com are registered trademarks or trademarks of First American Financial Corporation and/or its affiliates. AMD: 11/2023

©2023 First American Financial Corporation and/or its affiliates. All rights reserved. NYSE: FAF


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