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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 72 206 16,619
MORTGAGES 84 228 21,660
FORECLOSURE NOTICES 21 56 4,322
BUILDING PERMITS 0 209 39,587
BANKRUPTCIES 73 222 15,764
BUSINESS LICENSES 23 51 5,542
UTILITY CONNECTIONS 86 287 23,860
MARRIAGE LICENSES 21 72 5,107

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