Title premium volume fell 31% in 2023
Title insurance premium volume fell 31% annually in 2023, as existing home sales fell to their lower level in nearly three decades.
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Title insurance premium volume fell 31% annually in 2023, as existing home sales fell to their lower level in nearly three decades.
The title industry generated $4.1 billion in title premium volume in Q3 2023, a 24% annual drop, according to ALTA.
ALTA reports a 37% annual decline in title premium volume during Q2 2023 due to high mortgage rates and low housing inventory.
As the housing market cooled in Q1, title premium volume dropped, falling 43% year over year during the first three months of 2023.
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