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Spring Time Home Checklist

How homeowners can catch early signs of deterioration

Ward W. Melville    |    Insurance

Stairs

When spring arrives after a long winter, most people are ready to get outside and enjoy warm weather activities. But before heading outdoors, homeowners should consider spending a few hours to inspect their homes for early signs of deterioration or weather damage. Taking the time to perform simple home maintenance after a long winter could help homeowners avoid big repair bills...

Claims-worthy Imagery; a Hybrid Approach

New Advances in Aerial Imagery Provide Viable Solution to Claims Adjusting

Susan Williams    |    Insurance

Hail Damage in Wylie TX April 2016

Every day it seems we see something in the news about insurers testing the feasibility of using drones to support claims adjusting. After all, using drones to gather imagery is better than the current alternative, which is to risk a climb by adjustors, engineers and inspectors onto roofs that may already be unstable or subject to additional damage by simply walking on them. However, whether...

Identifying True Insurance Needs Based on Realistic Rebuilding Costs

Ward W. Melville    |    Insurance

two story house

Because the reconstruction cost to rebuild a home is generally higher than the original cost to build that same home, the topic often leads to difficult conversations between the insurance agent and homeowner. That’s why it’s important for both insurance agents and homeowners to understand why reconstruction often costs more than new construction—even if the home is still...

Distressed Sales Accounted for 10 Percent of Homes Sold Nationally in March 2016

Distressed Sales Expected to Return to Pre-Crisis Share in 2018

Molly Boesel    |    Mortgage Performance

Distressed Sales as Percentage of Total Sales
  • Of total sales in March 2016, distressed sales accounted for 9.9 percent and real estate-owned (REO) sales accounted for 6.8 percent
  • The REO sales share was 21.1 percentage points below its peak of 27.9 percent in January 2009
  • Distressed sales shares fell in most states, including the oil markets

Distressed sales, which include REO and short...

Demand for Overseas Buyers Increased in Australia During 2014/2015

Foreign buyers accounted for approximately 7.4 percent of all Australian dwelling sales

Cameron Kusher    |    International

AU Map

Recently released data from the Foreign Investment Review Board (FIRB) which covers the 2014/15 financial year revealed that demand from overseas buyers increased substantially.  The data shows that approvals to foreign buyers increased by 60 percent over the 2014/15 financial year. While that’s a large jump in approvals, the previous financial year saw approvals to foreign buyers...

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