The Register’s Report for the month of May shows a continuing upward trend in the sale of properties in 2011. While our recordings of deeds remain 18% behind 2010 deeds recorded, at this time last year the federal tax incentives for first time home buyers were still available.
Mortgages recorded remain only slightly higher despite historically low interest rates. The number of mortgages recorded in 2011 are 35 higher that those filed in 2010.
The number fof foreclosure deeds and foreclosure notices both remain over 40% behind last year at this time. We have a community by community listing of foreclosure notices and deeds attached to this report.