Although some members of the title insurance and settlement services industry still have concerns about interest rates and other economic variables, a sizable number are cautiously optimistic about the business climate in 2025. Meanwhile, there are also plenty who are concerned that the business environment will continue to struggle.
That’s a sampling of thoughts that were offered by industry professionals who participated in this year’s Voice of the Title Agent survey.
The report will examine some of the feedback from survey respondents, providing a glimpse of industry mindsets and expectations as we move further into 2025.
A little more than half of respondents reported business improved either a little or a lot in 2024. About 38 percent said business improved “a little,” while nearly 13 percent said it improved “a lot.” This is a significant improvement from the 2024 survey, when about one-third of respondents said business improved a little or a lot.
Reasons cited for the positive outlook included slightly lower interest rates, a slightly better new home inventory, new construction, the emergence of more commercial business, strong market conditions, better marketing strategies, merger and acquisition opportunities, more wind farms and solar projects in the south, and expanding operations into new states.
Read the full story in the 15th annual Voice of the Title Agent report, available here as a free download.