Lowell Deeds

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

May 1, 2008

April Recording Statistics

by @ 10:22 am. Filed under Statistics

Judging the direction of the housing market is a great challenge, but with the month of April now history, we can compare recording statistics for 2008 with those seen in 2007. Through the ten towns in this registry district, indications are that the market continues to slide, slightly perhaps, but slide nevertheless. The number of deeds and mortgages recorded were both down 17% (541 deeds in 2007 to 447 in 2008 and 1459 mortgages to 1206) and the number of foreclosure deeds was way up – The 29 of April 2007 grew to 67 in April 2008, a 130% rise. But that statistic is a bit misleading because we’ve known for months that those foreclosures have been in the pipeline. The positive news is that the number of Orders of Notice (the document that commences foreclosure proceedings) was down by almost 11%, slipping from 113 in 2007 to 101 this April. This trend of either steady or declining numbers (something that’s been seen since at least the beginning of 2008) of Orders of Notice being recording could suggest that the rate of foreclosures is easing somewhat.

Leave a Reply

[powered by WordPress.]

Pages:

Recent Posts:

categories:

search blog:

archives:

May 2008
M T W T F S S
« Apr   Jun »
 1234
567891011
12131415161718
19202122232425
262728293031  

Metatasks:

25 queries. 0.376 seconds