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VOL. 127 | NO. 75 | Tuesday, April 17, 2012

March Mortgages Up 19 Percent

By Andy Meek

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In terms of mortgage activity, the month of March mirrored the first quarter trend – things are picking up.

Local banks and mortgage lenders made almost 19 percent more mortgages during March 2012 than they did in March 2011, according to data from real estate information company Chandler Reports, www.chandlerreports.com. The number of mortgages rose to 648 in March 2012 from the 546 the same month last year, boosting the total volume from a little more than $81 million to almost $97 million.

The average mortgage amount, though, was essentially unchanged during the two monthly periods. For March 2011, it was $149,218. For March, it was $149,223.

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RECORD TOTALS DAY WEEK YEAR
PROPERTY SALES 69 311 15,028
MORTGAGES 83 338 19,668
FORECLOSURE NOTICES 15 58 3,853
BUILDING PERMITS 0 512 35,842
BANKRUPTCIES 65 247 14,281
BUSINESS LICENSES 16 120 5,111
UTILITY CONNECTIONS 70 316 21,749
MARRIAGE LICENSES 18 93 4,650

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