Recording statistics for October 2010 when compared to October 2009 showed positive trends in both a reduced number of foreclosures and a substantial increase in new mortgages. In November, I've been calculating these same statistics weekly to help determine whether October was an isolated upward blip in an otherwise dismal year or whether it was the start of a positive trend.
Three weeks into November, the news continues to be good. The number of mortgage recorded is up 54% from the same time in 2009 and the number of orders of notice, the document that marks the start of the foreclosure process, is down by 61%. Both are good pieces of news. Check back next week to get the end of November stats.
Tuesday, November 23, 2010
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