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VOL. 127 | NO. 138 | Tuesday, July 17, 2012

June Mortgages Up 7 Pct.

By Andy Meek

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Local banks and mortgage lenders made 7 percent more mortgages during June 2012 than they did in June 2011, according to data from real estate information company Chandler Reports, www.chandlerreports.com.

The number of mortgages rose to 750 in June 2012 from the 698 the same month last year. That bumped up the total monthly volume from a little more than $105 million in June 2011 to almost $127 million in June 2012.

The average mortgage amount also rose a little over the two monthly periods. For June 2011, it was $150,900. For June 2012, it was $169,225.

Chandler Reports is a division of The Daily News Publishing Co. Inc.

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RECORD TOTALS DAY WEEK YEAR
PROPERTY SALES 67 156 11,921
MORTGAGES 77 227 15,577
FORECLOSURE NOTICES 15 57 3,080
BUILDING PERMITS 222 606 28,832
BANKRUPTCIES 82 210 11,517
BUSINESS LICENSES 23 73 4,228
UTILITY CONNECTIONS 87 339 17,522
MARRIAGE LICENSES 18 61 3,625

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