Real Estate News

New ALTA appointment emphasizes title insurance strategy

Published: 06 Mar 2017

A change in title insurance industry leadership could lead to important shifts that consumers need to be aware of. The American Land Title Association recently announced a new hire that could impact the organization's direction.

According to a press release, the organization has now hired former FLS Connect client services director Elizabeth Blosser to the organization. Blosser will be the grassroots and state government affairs director for ALTA, and as such, hopes to connect the group to its grassroots movement as a means of staying relevant.

"Throughout my career I have gained an exceptional appreciation for working with broad coalitions, and look forward to using my experience to enhance ALTA's grassroots initiatives," Blosser said. "I'm ready to collaborate with our state land title association leaders and partners and help them identify strengths, weaknesses, opportunities and threats of our industry."

Late last month, both the U.S. Census Bureau and Department of Housing and Urban Development revealed January statistics for new residential sales. According to this data, housing sales between January 2016 and 2017 spiked before trending down until a final spike ended it at 555,000 units (after seasonal adjustments) by the first month of this year.  This figure only accounted for single-family homes, but still represents an important indicator - nearly 4 percent higher than the same measurement in December.

The median sales price for the market was $312,900. A table included with the release further broke down the new home sales by region: this information said that the south was the most responsible for sales, with 290,000 units purchased during January. Though this was an improvement from the previous month's rate of 278,000, though that in and of itself was a decrease from the 313,000 homes sold the month before.