What's New This Month
Happy National Humor Month! Whether you love or hate April Fools’ Day, there are plenty of reasons to laugh and feel optimistic this month as we continue through another beautiful West Virginia spring. Our state is a leader when it comes to COVID-19 vaccinations. Normal life seems right around the corner.

When it comes to real estate specifically, inventory is still low (and now generating attention-grabbing headlines outside of the industry, even though we’ve been dealing with these issues for months now.) However, people from all over are feeling confident, and your West Virginia Bankers Title team expects the housing frenzy to continue, even if interest rates slowly tick up.

We thank you for continuing to rely on us to provide the best title insurance products in the state and always trusting us to do great work, no matter how busy you get. Whether it’s a new transaction or you still have customers wanting to get in on the refinance game before it’s too late, West Virginia Bankers Title is here for you.    

Bob Drummond, Vice President/Agency Manager of West Virginia Bankers Title
Introducing our newest team member!
We would like to extend a warm welcome to our newest team member and Title Underwriter, Tammy Smith! Tammy is from Sugar Grove, West Virginia, has been married for 29 years to her high school sweetheart and has 3 boys. She lives on a family farm raising sheep and cattle. She loves to turkey hunt and has completed the Grand Slam. Having worked in the legal field for the past 20 years, Tammy is very excited to have joined the West Virginia Banker’s Title team! Help us to welcome her by shooting a quick "hello" to tsmith@titlesinsured.com.
Changes Loom for a Post-Pandemic Housing Market
Speaking of looking ahead, this article about what Redfin Chief Economist Daryl Fairweather believes will happen in the post-pandemic housing market caught our eye. In her report, Fairweather analyzes five trends the market will see and how the industry will deal with the pandemic’s fallout nationwide. You’ll probably be thrilled to see the second thing on the list. Here is a direct link to her forecast, and she mentions that Redfin predicts that the coming year will bring a 10% increase in new listings.
A fixer-upper in DC received 76 all-cash offers and sold for $200,000 over the asking price
This listing is one of the recent stories that got picked up by multiple media outlets to show how competitive the housing market is right now. It centers on a fixer-upper in the Washington DC area that received 88 offers in four days. Of those, 76 offers were all-cash and 15 were made sight unseen. The numbers are high and worthy of attention but we all certainly know how hot the market has been.
A fixer-upper in DC received 76 all-cash offers and sold for $200,000 over the asking price
This listing is one of the recent stories that got picked up by multiple media outlets to show how competitive the housing market is right now. It centers on a fixer-upper in the Washington DC area that received 88 offers in four days. Of those, 76 offers were all-cash and 15 were made sight unseen. The numbers are high and worthy of attention but we all certainly know how hot the market has been.
With Prices Surging, Farmland Is Now a Hot Commodity
It’s not just residential real estate that’s in high demand right now. Across the Midwest, farmland prices are rapidly climbing, fueled by a recent rally in grain markets and low-interest rates, The Wall Street Journal reports in a subscription-required story. Prices are rising even higher than the previous farm boom about a decade ago. Farmland prices are expected to continue to increase this year. A recent survey of Iowa farmland specialists conducted by the Iowa chapter of the REALTORS® Land Institute shows average farmland values were up nearly 8% since September.
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