The Market Snapshot for December, brought to you by The Title Report
and eLynx, shows the continuation of a five-month trend across all regions.
- The West again topped the five regions at 28.5 percent, compared to (29.3 percent in November.
- At 26.9 percent, however, it appears that the closing activity in the Northeast is beginning to rival that taking place in the West.
- The Southwest continued its slump, dropping back to a 7 percent share of national loan closings — a drop from 7.2 percent in November. The South has now had the smallest share of national loan closings for the fifth month in a row.
- Overall the regional numbers remained consistent, with no region growing or receding by more than a single percentage point.
The sample in the Market Snapshot is based upon eLynx’ nationwide settlement agent database and reports gathered from transactions involving 100,000 settlement agents registered upon the eLynx network, which collects information throughout the mortgage and settlement document lifecycle.