Daily News | 🏠 Welcome to Philly, home of the approved mortgage | Morning Newsletter
Nationwide, the decrease in home loan activity is another indication that the overall housing market is cooling.
But it appears the Greater Philadelphia Region is the anomaly, bucking national trends in lending activity earlier this year. In fact, our region was one of only three of 216 studied by , where the total number of mortgages issued by lenders actually increased from the last quarter of 2021 to the first quarter of this year.The increase in mortgages issued by lenders in the Greater Philadelphia Region.The nationwide number of home loans originated by lenders in the first quarter of this year.The drop in mortgage loans from the same time in 2021. It’s the most significant annual drop since 2014, according to Attom.
Our reporter Michaelle Bond has more on what made Philly an anomaly in the housing market as rates andU.S. Rep. Scott Perry sought a presidential pardon from Donald Trump in the days after the
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