As the economy continues to improve, homebuyers are showing more confidence in the real estate market, said Michelle Korsmo, ALTA's CEO.
Washington, DC (PRWEB) June 01, 2015
The American Land Title Association (ALTA), the national trade association of the land title insurance industry, reported title insurance premium increased 11.1 percent during the first quarter of 2015 when compared to the same period a year ago.
Access ALTA's Market Share Analysis at http://www.alta.org/industry/financial.cfm.
The title insurance industry generated $2.6 billion in title insurance premiums during the first quarter of 2015 compared to $2.3 billion during the first quarter of 2014 according to ALTA’s 2015 First-Quarter Market Share Analysis.
ALTA expects to release its second-quarter 2015 Market Share Analysis around September 1.
The American Land Title Association, founded in 1907, is the national trade association representing nearly 5,400 title insurance companies, title and settlement agents, independent abstracters, title searchers, and real estate attorneys. With offices throughout the United States, ALTA members conduct title searches, examinations, closings, and issue title insurance that protects real property owners and mortgage lenders against losses from defects in titles.