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 …
September, 2017 In the third quarter, the purchase market continued to show little change from the 2016 market. (charts pages 13-15) Sales of property which are not the buyer?s primary residence enjoyed the strongest third quarter since sales disclosure data became publicly available ? about 6 years. This made up for softening in the market …
We?re already starting to get questions about the November real estate taxes so I thought that I would touch on that this month. As we approach the due date, lenders require that the November 10th installment of real estate taxes be paid at closing. If the seller is currently escrowing taxes and the closing takes …
August, 2017 This month?s report includes the quarterly market recap that I was unable to include last month. The purchase market is a bit down from 2016, but not significantly. (chart page 7) Existing housing inventory is still tight, and that?s probably what?s holding the market back. Given the low inventory levels, it?s somewhat remarkable …
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