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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 89 344 19,573
MORTGAGES 110 422 22,914
FORECLOSURE NOTICES 2 8,305 8,305
BUILDING PERMITS 207 838 40,029
BANKRUPTCIES 60 356 13,104
BUSINESS LICENSES 21 194 6,137
UTILITY CONNECTIONS 30 147 12,996
MARRIAGE LICENSES 15 65 4,842

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