So. Cal. Home Loans Off 9%; Up 7% in Bay Area
- Share via
Residential mortgage lending in Southern California in 1992 totaled about 185,000 loans, a decline of 9% from 1991, according to TRW REDI Property Data, which monitors property transactions from public records. By contrast, mortgage lending grew by 7% in the San Francisco Bay area, TRW REDI reported.
In both areas of the state, Bank of America continued to be the No. 1 residential lender, with 17% of the market share, the report said.
Construction lending, an important indicator of real estate activity, fell 37% in the Southland and 29% in the Bay area in 1992, compared to 1991, TRW REDI said.
Inside the business of entertainment
The Wide Shot brings you news, analysis and insights on everything from streaming wars to production — and what it all means for the future.
You may occasionally receive promotional content from the Los Angeles Times.
