April 17, 2019 Three things stand out to me after reviewing the recording statistics for the first quarter. First, none of us are as busy as we were six years ago, the last refi market. (chart page 7) Second, the purchase market is in its fourth consecutive year of steady volume. (chart page 13) …
March 13, 2019 February’s mortgage recordings held steady from January. The market is now showing signs of warming up, both figuratively and weather-wise. Year to year comparisons tell a different story. Mortgages securing between $50,000 and $500,000 are down about ten percent during the first two months of the year ─ 385 to 427 …
February 14, 2019 As always, the number of January transactions is low making it impossible to draw any conclusions about the health or direction of the market. The Polar Vortex undoubtedly affected the number of new transactions. Recorded mortgages were down about fourteen percent from a year ago. Deed recordings were down about seven …
December 18, 201 To our valued customers: I couldn’t be more grateful for the support of our friends and clients during 2018, one of our most successful years ever! We helped over 4500 people buy, sell and refinance their homes. That’s a lot of lives we impacted. Your trust in us is humbling. …
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 …
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