September 12, 2018 Once again sales in Monroe County made a strong comeback in the second half of August. The monthly total of 274 deeds representing a transaction compared favorable to last August?s number of 276. For the year, deed recordings are down about two percent from 2017. The same holds true for mortgage …
August 21, 2018 Mortgage recordings in July showed a significant increase from a year ago. There were 301 mortgages recorded in amounts between $75K and $424K compared to 256 last year. This is consistent with our own book of business which has shown a decline in the percentage of cash deals from about 33% …
July 27, 2018 A consistent theme this spring and early summer is that property values are increasing fast. There?s evidence of this in both the mortgage and deed transaction numbers in the second quarter. The last four years, mortgages securing between $75K and $200K are holding steady at around 600 and change. (see chart …
June 20, 2018 On June 11th the Federal Bureau of Investigation announced the arrests of 42 individuals in the United States, 29 in Nigeria and 3 others allegedly involved in a massive business email compromise (BEC) scheme. ?Operation WireWire? succeeded in recovering approximately $14 million in fraudulent wire transfers and seized another $2.4 million …
May 30, 2018 The Monroe County purchase market, while a bit slower than last year, is still close to a post-recession high as measured by recorded deeds that represent an arms-length transaction. Here are the deed numbers from March 1st to May 22nd for each of the last three years: ??????????????? 2018 ? 621 deeds???????????? …
April 12, 2018 The purchase market is starting later in 2018 than last year. Our first quarter measures of recorded deeds and primary residence sales disclosures show year over year seven percent declines. Non-primary residence sales disclosures indicate a 17% decline. (charts pages 13-15). Most of this decline occurred in March when deed recordings fell …
February 14, 2018 Despite the continuing acute home inventory shortage, the Monroe County 2018 purchase market is off to a good start. Through February 12th, our property records data base shows 189 recorded transactions so far this year. This compares favorably to the same period in 2017 when there were 183 transactions. The numbers of …
December, 2017 I always look forward to completing the year end Mortgage Market Share Report. It affords me the opportunity to do some apples to apples comparisons on the market and our business. The 2017 Monroe County purchase market was virtually identical to 2016. The overall market continued to move along at a ten year …
December 27, 2017 I?m excited to announce that next spring John Bethell Title will be relocating to 2626 South Walnut Street. (That?s behind Chase Bank where Cellular One and the AT&T Store used to be.) You may recently have noticed that our current downtown location is going to be redeveloped. We?ve known this for a …
October, 2017 I?m happy to announce that Sarah Doering, one of our awesome real estate closers, recently accepted a promotion to Closing Team Manager. Sarah joined our team about two years ago with significant supervisory experience in banking and financial services. She quickly learned to provide an outstanding experience to our clients. This past summer …
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