Conventional Financing Gains Ground

Conventional Financing Gains Ground

In another sign of the increasing health of the housing market, the share of mortgage financing made through conventional loans continues to expand. In 2011, at a low point, the share of conventional financing was 62% while preliminary estimates for 2014 indicate that that figure has climbed to 72%. At its recent peak in 2006/2007, conventional financing accounted for approximately 90% of all mortgages.

Read More

Previous Building Activity Steps Up in the OC
Next Use of Incentives to Move Homes Accelerates

About author

Steve Devorak
Steve Devorak 152 posts

Steve Devorak is a former Director of Land Acquisition and Project Manager with extensive experience in the Southern California land market.

View all posts by this author →

You might also like

Housing Market

Los Angeles Housing Market Continues to Show Strength

Housing prices in greater Los Angeles rose 4.8% from the prior quarter while sales improved by 6.5% with houses staying on the market an average of five days. The median

Housing Market

Middle-class Workers in California are Struggling to Find Homes They Can Afford

By Kevin Smith – Oscar Sol has spent the past five months searching for a home he can afford to buy. But so far, he has struck out. “I’m looking

Housing Market

Balanced Market in San Diego

Broker sees benefits to both buying or selling homes in the highly desirable San Diego market. Among his picks as two of the top submarkets – North County and the