Allen, Texas (PRWEB) April 08, 2014
The Allen branch of North American Title Co. has added Donna Holiday as an escrow officer. Holiday has more than 16 years of experience in title and escrow, including work on residential resales, real estate-owned properties (REOs), short sales, refinances and national accounts.
“We are very pleased to welcome Donna to our Allen branch family,” said Donna Hunt, branch manager, North American Title Co. “Her depth of knowledge and expertise in closing transactions and working with buyers and sellers will make her a valuable addition to our team.”
NTREIS (North Texas Real Estate Information Systems) reported that Collin County had a 1.5 percent increase in closed sales in February as compared to one year ago, with an increase in the median sales price of 16.5 percent to $244,745. However, there was a drop in the number of new listings, from 1,415 in February 2013 as compared to February 2014, and the number of days on market until a home is sold dropped nearly 25 percent from 61 to 46 days.
Economist Jim Gaines, Ph.D., warned that high demand for Texas homes is contributing to a shrinking inventory of homes in Texas. Gaines, an economist with the Real Estate Center at Texas A&M University, said, “Demand for Texas homes in 2014 should continue, but it’s possible that a shortage of inventory could inhibit sales volumes.” Gaines was quoted in the Feb. 3 Texas Quarterly Housing Report from the Texas Association of Realtors®.
The report noted that during the fourth quarter of 2013, the statewide inventory of homes decreased to 3.6 months, well below the 6.5 months usually cited as a market balance. In Collin County alone, the inventory of homes for sale dropped 15.5 percent in February as compared to a year ago, leaving the supply of homes available for sale at a scarce 1.7 months.
Holiday is located at the North American Title branch at 604 S. Watters Road, Suite 100, Allen, TX 75013, telephone number (214) 622-6611.
About North American Title (NAT)
With well over 1,000 associates and a vast network of branches from coast to coast, North American Title is among the largest real estate settlement service providers in the United States. Consisting of both agent and underwriter operations, NAT reported annual net revenues in fiscal 2013 of $185 million. The company also has the resources and stability of an S&P 500 company with over $11.0 billion in assets (fiscal quarter ending Nov. 30, 2013). North American Title’s agency network operates nationally under the name North American Title Co. (NATC), and is located in 17 of the fastest-growing states: Arizona, California, Colorado, Delaware, Florida, Illinois, Indiana, Maryland, Minnesota, Nevada, New Jersey, New York, Pennsylvania, Texas, Utah, Virginia and Washington, D.C. Through our relationship with our expanding affiliate network, NATC provides real estate settlement services in all 50 states. NAT is headquartered in Miami, Fla. To learn more, visit http://www.nat.com