What's New This Month

Happy November, friends! 🍂 As the leaves change color and the air turns crisp, our West Virginia Bankers Title team is filled with gratitude. We're so thankful for our incredible clients and partners who make our work so rewarding.


Let's make this month a season of success together. We’re committed to providing you with the highest level of service. What are your goals for the upcoming months? Share your aspirations with us, and let's work together to achieve them.


Here’s to a fantastic November!


Warm regards,


Rachel Showalter, Agency Operations Manager of West Virginia Bankers Title

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Veterans' Homeownership Boost: WV's New Loan Program

Unlock affordable homeownership for West Virginia veterans with the Home Loan Mortgage Program, launched in Sept. 2024. This initiative offers low interest rates, supported by $8 million from the state's Unclaimed Property Trust Fund. Riley Moore, State Treasurer, emphasized, "West Virginia has a rich history of military service, and we need to do everything we can to support our servicemen and servicewomen." Discover how this program is set to transform veteran homeownership across the state.

Living on the Edge: Why Americans Are Flocking to Disaster Zones

Despite the looming threat of natural disasters, many Americans are flocking to areas known for extreme weather risks, like Florida and California. This surprising trend is driven by lifestyle desires, such as enjoying warm weather and scenic views, even as climate risks and insurance challenges grow. Discover why many are choosing to live on the edge and what it means for the future of real estate. 

West Virginia Real Estate: Navigating Rising Trends and New Market Dynamics

Explore the evolving West Virginia real estate market, where rising home prices and a 12.4% increase in inventory create a competitive landscape. Learn how the NAR settlement is reshaping buyer agent commissions, and discover the opportunities this balanced market presents for both buyers and sellers. Dive into the full article to uncover what these changes mean for the future of real estate in the Mountain State!

Innovation

A recent episode of "Drive with NAR" dives into the world of smart homes and their hidden cyber risks. Host Tracey Hawkins chats with real estate tech experts. They explore the conveniences these smart home devices offer, as well as the lurking cyber threats that can compromise sensitive data. Get the lowdown on balancing the perks with the risks, and learn practical tips for safeguarding your clients. 

Building the Future: How AI is Revolutionizing Construction
Scammers Use AI to Take Away Homes From Rightful Owners
How Technology is Transforming Homebuying–for the Better

Mortgage Trends

The mortgage forecast anticipates sunnier days ahead. The Mortgage Bankers Association predicts a 28% boost in mortgage originations, hitting $2.3 trillion by 2025. With mortgage rates steadying around 6%, younger buyers are fueling demand, although affordability remains a hurdle with rising costs. On the upside, lenders are seeing a return to profitability, making the outlook for 2025 optimistic despite economic shifts.

Here’s the Income Needed to Buy a $500K Home–as Mortgage Rates Hover Near 2-Year Lows
Open Banking is on the Verge of Transforming Mortgages
Here's Why Mortgage Rates Are Rising After the Fed's Rate Cut

Professional Development

Want to boost your team's engagement? The C-suite has some tips! It's all about aligning culture with clear values and communication. Southwire swears by the "four Cs"—communication, collaboration, connection and celebration. Exos promotes transparency and data-driven decisions, while PNNL uses employee ambassadors to keep everyone in the loop. These leaders prove that a little clarity and consistency go a long way in driving success!

How Slowing Down With People Boosts Team Morale and Performance
What Does It Take to Be Top Dog? A Lot Less Growling
LinkedIn Seen as Most Valuable Social Platform for PR

Market Highlights

The housing market is getting a bit of a shake-up. Inventory is finally on the rise after years of scarcity, and with mortgage rates dropping from the high 7% to the low 6% range, buying a home is becoming more affordable—think $300 less on a monthly mortgage. Plus, there's a quirky twist: people might be more inclined to sell if their new neighbors have opposing political views. Despite these shifts, first-time buyers are still having a tough time, making up just 26% of sales in August.

Contract Signings Leap as Homebuyers Reemerge in Fall
Inflation is Down–but the Middle Class is Still Feeling Financial Pressure
How Gen Z Buyers Are Succeeding in the Housing Market

Who Said It: Napoleon or Michael Scott?

Are you a true fan of The Office? Do you know your way around Dunder Mifflin? Well, get ready to put your knowledge to the ultimate test with this battle of the blunders!


A clever quiz has paired up the awkward musings of Napoleon Bonaparte, the historical tyrant, with the comedic gold of Michael Scott, the bumbling office boss. Can you tell who said what?


Take the quiz to find out if you can separate the cringe-worthy quotes of history from the hilarious flubs of fiction.

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