June 15, 2019 It’s the middle of the home buying season. We’re all busy and juggling many transactions simultaneously. It’s a perfect time to remember to talk with your clients about wire fraud and business compromise email. Sorry for the buzz kill. Hardly a week goes by now that I don’t read a story about …
May 23, 2019 Four things worth knowing: 1. If you’re counting Multiple Listing Sales, the Bloomington Board of Realtors® reported closed sales through April 30th are identical to last year ─ 591 sales. 2. The same BBOR reports shows a year over year increase of 16.2% in the medium sales price and 10.8% in the …
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 …
January 21, 2019 After studying the 2018 full year recording numbers, I’ve concluded that the Monroe County sale and mortgage market remains steady without any discernable trends – either increasing or decreasing. (chart page 7). Sales disclosure data (charts pages 17 & 18) reflect the same level of consistency. Given the continued shortage of …
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 …
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