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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 49 213 4,664
MORTGAGES 68 278 5,611
FORECLOSURE NOTICES 0 0 0
BUILDING PERMITS 250 504 10,250
BANKRUPTCIES 48 141 3,608
BUSINESS LICENSES 31 98 1,833
UTILITY CONNECTIONS 56 177 3,960
MARRIAGE LICENSES 10 55 1,079

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