delays Archive

29 Percent of Sales Contracts in November 2016—January 2017 Had a Delayed Settlement

In the monthly REALTORS® Confidence Index Survey, the National Association of REALTORS® asks members “In the past three months, think of your most recent sales contract that was either settled/closed or terminated. Please explain how the deal concluded (settled, delayed,...

Lenders Rounding Home on TRID

A year after TRID, lenders show signs of growing optimism. The TRID or the Know Before You Owe rules were implemented in October of 2015 and indented to streamline and safeguard consumers in the closing process. Delays and closing...

TRID, Brexit, or Something Else?: Delays Level Off

The average time-to-close, as measured by closed listings reported from MLSs, rose modestly in July relative to a year earlier. July’s 3-day delay was roughly in line with the 3.1 day delay averaged over the prior 3 months. The...

Steady Progress on TRID

The average delay in time-to-close fell in April, marking the 4th consecutive month of improvement. On average, sales that closed in April took 3 days longer than the same time a year earlier. April’s reading is down from a...