As we entered the second half of 2013, which is our first month in Fiscal Year 2014, we have seen a real estate market continuing to improve. More than1000 properties sold in a single month for the first time since 2006. More importantly, this upswing in our activity has been sustained over many months.
In our July 2013 Register’s Report, you will notice that the number of mortgages recorded has also been higher than last year at this time. People across Plymouth County have continued to take advantage of historically low interest rates.
Also on a positive note, foreclosure deeds, the final point in the foreclosure process when the lender has taken back title from an owner of property, are down 62% over 2012 year to date. Foreclosure notices also remain at a reduced number than last year, 40% lower than 2012.
Our Monthly Register’s Report, found in the right hand column of our Home Page, gives previous month’s reports for comparison.