Category Archives: PDR News

Property Debt Research News: The Municipal Lien Search Company

The holidays have arrived! It’s the time of year when families take vacations, gather for get-togethers, and spend more time with those they love most.

Restaurants are filled to the brim with customers, stores are flooded with last-minute gift-buyers and people rushing for holiday presents, and kids are off school and in full play mode.

But even during this season of rushing, one thing helps us to slow down and reflect—the joy of the holiday season.

Life is hectic, work is busy, and there are always things to be done. But when the holidays roll around, time seems to stand still and our loved ones truly feel like the most important thing in our lives.

At Property Debt Research, we are so grateful for the gift of your referrals, your business, and the chance to play a part in helping your clients realize their dreams of homeownership.

From our entire PDR family, we wish you and your family a joyful, restful, and food-filled holiday season.

Happy Holidays,
The Property Debt Research Team

According to a Redfin analysis, nearly 27% of home sellers reduced their listing price by at least 1 percentage point during a four-week period ending Sept. 16, 2018.

The 26.6% of home sellers who lowered their selling price during that period, according to Redfin, is a record—at least since the metric began to be regularly tracked in 2010.

Taylor Marr, a Senior Economist at Redfin, says buyers are becoming choosier in response to a softening market.

“After years of strong price growth and intense competition for homes, buyers are taking advantage of the market’s easing pressure by being selective about which homes to offer on and how high to bid,” Marr said.

“…The increase in price drops may be another indicator that sellers are going to have trouble getting the prices, and the bidding wars, that they may have just months ago…Instead, many are finding their homes are sitting on the market without much interest until they start reducing their prices.”

The number of home sellers who dropped their selling price has increased 4.8% from the same period one year ago, according to the same analysis.

During that period, 21.7% of homes experienced a price drop. Since late March, that trend has continued fairly consistently.

Jessie Culbert, a Redfin real estate agent in Seattle, believes that sellers are using price drops strategically rather than out of urgency or desperation.

“In a market where we’re seeing more inventory, sellers may choose to use price reductions to continue to generate interest in their home for sale,” Culbert said.

“Ultimately, the market dictates the appropriate price for any given home.”

We are proud to receive the Inc. 5000 designation in 2018, and we’ve had the distinct honor of achieving this designation for three years in a row now,” said Bruce Russell, CEO of Property Debt Research. “Our goal was to become the most trusted Municipal Lien Search company in the nation, and to serve the Title Industry in a manner based upon our core values of Reliability, Accountability, Professionalism, Dedication and simply “doing the right thing”. It is a privilege to be part of this list of companies which are held in such high regard.”

Since 1982, Inc. Magazine has recognized the extraordinary journeys of the fastest-growing, privately-held companies in America on the Inc. 5000 list. A spot on the list is a chance for growing businesses to rise above competition, gain access to powerful networking opportunities, and honorees also receive a permanent company profile on Inc.com. In addition, the list distinguishes the innovative achievements of American companies that are generating sustainable growth and jobs.

Property Debt Research will be participating in the SW Florida Job Fair on Friday, January 19, 2018 at the Christ Community Church at 4050 Colonial Blvd. in Fort Myers, FL between 10 am and 2 pm. Visit our table to learn about job and training opportunities at Property Debt Research.

For more details visit their website at: https://flourish-now.org

Ken Podlin has been named National Director of Sales and Marketing at Property Debt Research.

Following multi-year stints at Cardel Homes, Bonded Builders Warranty Group, American Land Lease, and Grimaldi Commercial Realty Corp., respectively, Podlin will be guiding PDR into a new era of marketing and sales strategies.

A highly-accomplished executive who excels at analyzing multi-region customer needs, identifying lucrative growth opportunities, and defining strategies for capturing new business, Podlin is assuming a role that is ripe for change and critical thinking.

Podlin has long been recognized as a thought leader in the broader real estate industry as well as a “big-picture” decision-maker with a keen awareness of market share potential.

In addition to being a main visionary for the sales and marketing efforts at PDR, Podlin will be ensuring the company’s clients are receiving what they were promised — on point and on time.