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Testimonials
LegalShield’s dedication and devotion to creating a better life for its members through solid legal assistance is a unique business model that I believe benefits everyone. Legal and identity theft plan coverage is now a necessity as common challenges in the judicial system can quickly evolve into uncommon situations.
‘V-Shaped’ Recovery in Residential Real Estate Expected to Continue into 2021, According to New LegalShield Data
The LegalShield Law Index is comprised of five sub-indices that tend to lead an existing economic indicator that sheds light on the health of the U.S. economy. The LegalShield Housing Activity Index, for example, tends to lead U.S. Census data on housing starts by 1-2 months; the LegalShield Real Estate Index tends to lead monthly existing home sales as published by the National Association of Realtors. Since LegalShield's member intakes are logged in real-time rather than through surveys, there is no lag in compiling the data and, therefore, are viewed as predictive and actionable.
- In August, the LegalShield Housing Activity Index surged nearly 10 points to 138.2, the highest level on record. Housing starts spiked 22% in July and are 8.6% above last year's level. These improvements can be partly attributed to improved building prospects in the suburbs and exurbs.
- The LegalShield Real Estate Index improved 4.3 points in August to 111.8, its strongest reading since late 2005. After dropping this spring, existing-home sales increased 25% in July and are 8% above last year's levels. Demand for single-family homes has increased significantly this year—fueled by sub-3.0% mortgage rates.
The data show that the housing and real estate markets are rebounding from the coronavirus- induced shutdown of this spring quicker than many other sectors of the economy. However, this increase has also driven prices up 8.5% from July 2019 to July 2020, meaning that a house in the suburbs may not be as affordable to everyone.
Law Index History
About LegalShield
A trailblazer in the democratization of affordable access to legal protection, LegalShield is one of North America’s largest providers of online legal subscription plans covering more than 4.375 million people. Its IDShield identity theft solution for individuals and families has more than one million members. LegalShield and IDShield serve more than 141,000 businesses. In addition, over 40,000 companies offer LegalShield and IDShield plans to their employees as a voluntary benefit. Both legal and identity theft plans start for less than $25 per month.
LegalShield’s legal plans provide access to qualified law firms and their attorneys with an average of 22 years of experience in family matters, estate planning, financial and business issues, consumer protection, tax, real estate, benefits disputes and auto/driving issues. Unlike other legal plans or do-it-yourself online services, LegalShield has dedicated law firms in 50 states and all provinces and territories in Canada that members can access at a fraction of typical law firm hourly rates.
IDShield provides identity monitoring and restoration services and is the only identity theft protection company armed with a team of Licensed Private Investigators to restore a member’s identity. For more information visit https://www.legalshield.com/law-index.