North Texans are taking out far fewer new home loans than they did a year ago, a signal that higher housing costs have cooled demand among borrowers.
North Texans are taking out far fewer new home loans than they did a year ago, a signal thatThe number of new Dallas-Fort Worth home loans fell about 20% last quarter, according to a new report from Attom Data Solutions. The company recorded 21,194 new local mortgages, down from 26,470 in the first quarter of 2021.
The report includes single-family homes, condos, townhomes and two- to four-unit apartment properties. All of Texas’ major metros saw declines in new mortgage loans, except for San Antonio, where they were up 2.4%. Houston saw the largest decrease of loans at 23%, with lending down 16% in Austin.
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