Recording stats for the first half of March show that mortgage activity is still extremely sluggish. For the first two weeks of March in 2013, we recorded 619 mortgages for the entire registry district; for the same time this year we recorded just 242. Deeds also dropped although not by as much: 262 deeds in the first half of March 2013 and only 190 for the same time in 2014. At least foreclosure-related documents are still down: just 4 foreclosure deeds in 2013 but only 3 in 2014. Orders of notice were down by an even greater amount: 25 in 2013 and just 10 in 2014.
This decline in mortgages has persisted since last September. It's definitely a trend and it seems to be getting worse rather than better.
Tuesday, March 18, 2014
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