Blog - Month: December 2018

Month: December 2018

Understanding Wire Fraud in Real Estate

By Andrea Robinson
December 17, 2018 Category: General

It happens more often than you think a homebuyer sends an entire down payment to a fake escrow account. There is no way to get that money back. In the digital age, it can be difficult to recognize the difference between an authentic communication from an escrow officer or title agency and a fraudulent one. This means that many homebuyers are falling victim to wire fraud initiated via electronic channels like email. As real estate fraud becomes harder to detect, its important to understand and recognize the signs to protect your money! How Wire Fraud Starts In real estate transactions, wire fraud often starts with title agencies. Hackers will target title agencies databases to find upcoming transactions the pricier the better. Then, after theyve identified a target, the fraudster will use a compromised email address, assuming the identity of either a title agency employee or closing agent. With the hijacked email address and in-depth understanding of your transaction, its pretty

The Housing Shortage — What to Expect in 2019 and Beyond

By Andrea Robinson
December 11, 2018 Category: General

According to a recent report from Freddie Mac, the number of new houses being in the United States this year is about 370,000 homes short of the level required for long-term housing demand. That means there are more homebuyers than houses, which is good and bad. While this may make finding a buyer easier right now, in the long run, this shortage is driving up the cost of homes in a way that may make owning a home more difficult for younger families. While there are some short-term benefits to the shortage for those selling on the market today, here are some long-term impacts and projections that impact how people may buy and sell homes in the future. Home Appreciation to Slow in 2019 There are a lot of factors that drive positive home equity, and housing supply is certainly one of them. If theres high demand for homes and not too many on the market, your house becomes a valuable commodity. Even with the housing shortage contributing to the increased value of homes, this appreciation

December Events in Lorain County

By Andrea Robinson
December 04, 2018 Category: General

Winter 2018 has arrived in Lorain County! Its hard to believe how quickly the year has flown by, but theres still a lot to do in Lorain County before Christmas and New Years. Whether its a family outing or just fun with friends, theres a little something for everyone to enjoy. Here are a few great events and activities to check out this December in Lorain, Ohio! Santa Train Lorain Countys cities are home to many of Ohios most active railways and stations, and this year, Santas leaving his sled in the garage and taking the train! On December 7th and 8th, special holiday-themed train rides will run between 6:00 - 8:00 PM on Friday and 1:00 - 8:00 PM on Saturday, featuring holiday decorated passenger cars, free hot cocoa, and a chance to meet Santa. Head to the LSRA Railway Station to catch your Santa train. Shoreline Treasures Christmas is right around the corner, and theres nothing better than one-of-a-kind gifts under the tree. Lorain County is full of local businesses and shops