Lowell Deeds

The latest on real estate recordings and new technology from the Middlesex North Registry of Deeds in Lowell

December 13, 2006

Globe Reports on Foreclosures

by @ 10:53 am. Filed under Statistics

The latest news on the Massachusetts real estate market is not good.…This morning’s Boston Globe is reporting that foreclosures in Massachusetts rose 300 percent in November 2006 as compared to November 2005. The report is based on onformation provided by RealtyTrac of Irvine California. According to the article 2,100 properties in Massachusetts either faced foreclosure or were being foreclosured on last month. In comparison in November of last year there were (excuse the expression) only 526. The Globe quotes RealtyTrac vice president Rick Sharga, “some of the states that had the biggest boom over the past few years are now experiencing the highest number of new foreclosure filings”…that puts Massachusetts right in the middle. We have one of the highest priced housing markets in the country. The Middlesex North end of the year (2006) statistics report should be very interesting…be sure to check them out.

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