Foreclosure Numbers Fall; Housing Permits Keep Rising

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The Brown Team

 Foreclosure Numbers Fall; Housing Permits Keep Rising Lenders have been seeing a significant decrease in the amount of foreclosures coming through their offices during the month of November. According to statistics released today by the Southwest Florida Real Estate Investors Association, lenders filed 526 mortgage foreclosures in Lee County during November, down from 686 in October. These three lenders remained at the top of the list of foreclosures: Bank of America was first with 87; second was JP Morgan Chase Bank at 77, and third was Wells Fargo Bank at 55. On the other hand, housing permits have been experiencing an increase in numbers pulled this year and the ones pulled from 2011. In a recent report from the County Department of Community Development, contractors in unincorporated Lee County pulled 44 permits for single-family homes in November, up from 42 in October and 34 in November 2011. In comparison to the general commercial activity of $1.3 million from October, the department also reported a significantly higher value of $3.7 million in November of this year from November 2011. Read more at: http://www.news-press.com/article/20121203/RE/121203006/1076/HOMESCAPE99

The Brown Team

RICK BROWN: (239) 322-2313 BRENDA BOOTH-BROWN: (239) 287-8834 www.TheBrownRealtyGroup.com

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