In our report on real estate activity for the month of May, you can see a very strong beginning to 2012. We saw 807 deeds recorded, which brought deeds recorded for 2012 up to 3012–a 19% increase over the first five months of 2011.
In addition, we saw mortgage recordings continue to increase year-to-date over 2011mortgage recordings. The 2446 mortgages recorded in May resulted in a 34% increase in mortgages recorded as compered to the same time period for 2011.
We contiue to be concerned about the number of foreclosure deeds and foreclosure notices. It is interesting to note that the increase in foreclosure deeds is higher than our increase in foreclosure notices for the month of May. Whether that is a trend will require several more month’s data. Our May report has a listing of foreclosure deeds and notices for each of Plymouth County’s twenty-seven communities.