Overall mortgage activity is down in the Houston housing market this year, according to RealtyTrac’s Q1 2016 U.S. Residential Property Loan Origination Report.
Through the first quarter, RealtyTrac found, Houston lenders oversaw 25,081 originations, a 13 percent decline from 2015’s fourth quarter and a 16 percent decline from Q1 2015. Breaking those numbers down more shows that there were declines across the board
- Purchase loans were totaled 11,256, and were down 19 percent quarterly and 18 percent year-over-year.
- Refinancings, meanwhile, fell 16 percent year-over-year and 3 percent quarterly to 11,433.
Such numbers are consistent with HAR’s latest report on home sales activity, which reported slight declines in single-family sales and a pronounced drop in condo sales.
Click on the tabs below to compare Houston’s mortgage activity to that of other large metro areas:
| Metro Area | Total Originations – Q1 2016 | QOQ Change | YOY Change |
|---|---|---|---|
| Atlanta | 34,104 | -13% | 0% |
| Chicago | 45,982 | -16% | -13% |
| Dallas | 38,472 | -6% | -1% |
| Denver | 31,345 | -14% | -6% |
| Houston | 25,081 | -13% | -16% |
| Los Angeles | 69,412 | -5% | -12% |
| Miami | 29,934 | -9% | 6% |
| Philadelphia | 29,380 | -22% | -18% |
| New York | 64,383 | -13% | -7% |
| Phoenix | 35,699 | -3% | -7% |
| San Francisco | 33,830 | -10% | -11% |
| Seattle | 31,103 | -6% | -5% |
| Washington D.C. | 41,706 | -7% | -10% |
| Metro Area | Purchase Loans – Q1 2016 | QOQ Change | YOY Change |
|---|---|---|---|
| Atlanta | 14,916 | -17% | 12% |
| Chicago | 15,894 | -24% | 11% |
| Dallas | 17,692 | -13% | 2% |
| Denver | 9,235 | -26% | -1% |
| Houston | 11,256 | -19% | -18% |
| Los Angeles | 18,931 | -14% | 7% |
| Miami | 13,172 | -13% | 8% |
| Philadelphia | 8,853 | -31% | -4% |
| New York | 19,527 | -20% | 9% |
| Phoenix | 16,367 | -5% | 4% |
| San Francisco | 7,094 | -29% | -2% |
| Seattle | 10,025 | -17% | 3% |
| Washington D.C. | 14,430 | -15% | 13% |
| Metro Area | Refinancings – Q1 2016 | QOQ Change | YOY Change |
|---|---|---|---|
| Atlanta | 15,275 | -11% | -13% |
| Chicago | 22,389 | -7% | -26% |
| Dallas | 17,404 | 2% | -9% |
| Denver | 14,916 | -7% | -16% |
| Houston | 11,433 | -3% | -16% |
| Los Angeles | 39,001 | 2% | -23% |
| Miami | 12,093 | -3% | 0% |
| Philadelphia | 12,916 | -18% | -32% |
| New York | 30,280 | -9% | -20% |
| Phoenix | 15,232 | 0% | -21% |
| San Francisco | 18,845 | -1% | -21% |
| Seattle | 14,512 | 2% | -19% |
| Washington D.C. | 20,338 | 1% | -24% |