Nevada had a nearly 60% increase in the rate of loan closings between May and June, according to a study conducted by eLynx.
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Not far behind is Idaho, with a 59% increase. By region, the West had a 30.4% increase, followed by the Southeast at 20.2%, Southwest at 17.1%, Northeast at 16.6% and Midwest at 14.5%.
Sharon Matthews, president of eLynx, said, "the market is clearly still reacting to government stimulus, but it's very interesting to see where the government's actions and other market factors are having the most impact."
The study looked at data compiled from settlement agent activity on eLynx' expedite network.
