March 2017 Mortgage Market Report

No doubt that the inventory of homes for sale is extremely tight. Most Realtors? that I talk with are scrambling trying to get offers in on properties as soon as they hit the market. It?s probable that some sellers are holding back knowing that their house will likely sell immediately and they?ll have to relocate …

February 2017 Mortgage Market Share Report – REVISED

March 10, 2017 *Please Note this is a?Revised version with updated and correct?data on report I am pleased to announce that we?ve become a policy issuing agency for the Chicago Title Insurance Company. Chicago Title is a nationally recognized brand in the title insurance industry. Together with First American Title Insurance Company, we now represent …

February Mortgage Market Report

March 6, 2017 I am pleased to announce that we?ve become a policy issuing agency for the Chicago Title Insurance Company. Chicago Title is a nationally recognized brand in the title insurance industry. Together with First American Title Insurance Company, we now represent the top two underwriting companies. The flexibility of title underwriters, like other …

January 2017 Mortgage Market Share Report

2016 Year End Report Highlights The Monroe County purchase market continued its post-recession improvement in 2016 showing a year over year gain of 13.5%. (deeds on page 13) Transactions reflecting both owner occupied and non-owner occupied sales also reached post-recession highs. (pages 15 and 17) I?m confident that we?re now experiencing a normal market. In …

December 2016 Mortgage Market Share Report

December 21, 2016 As we approach the New Year I thought it would be worthwhile to revisit the pitfalls surrounding real estate tax pro-rations. The commonly used Purchase Agreement provides that taxes will be prorated on the last certified tax amount. As a closing agent, we are bound to complete the transaction on those terms. …

October 2016 Mortgage Market Share Report

Options for holding title: As a result of recent questions that we?ve received, we thought it would be beneficial to summarize for you options for holding title to real estate. The three options are Tenants by the Entireties Joint Tenancy with Right of Survivorship Tenants in Common Tenant by the Entireties is available only to …

September 2016 Mortgage Market Share Report

October 13, 2016 The 2016?s purchase market?s robust first half cooled somewhat in the third quarter. While still strong, the year over year comparison to 2015 is flat. Sales marked as non-primary residence were up a bit ? primarily in the $125K to $200K price range. (page 15) Sales designated as primary residences were slightly …

August 2016 Mortgage Market Share Report

September 8, 2016 Our team is especially proud of the work they do ? both the quality and the quantity of it.? We count and track a number of activities and tasks so that we know how we?re doing at providing a great experience to you and your clients. During the month of August the …

July 2016 Mortgage Market Report

Here is the July 2016 Mortgage Market Report.? We hope you are having a great summer. ~ John Bethell

June 2016 Mortgage Report

July 26, 2016 The Monroe County purchase market in the second quarter turned in its best performance in ten years! Measured either by recorded deeds (+22%) or sales disclosures over $50K (+15%), the great recession seems completely behind us. An interesting observation is that the mortgage volume (chart page 7) is essentially flat while the …