California Almanac / Home Refinancing Slows : Fewer Home Loans Originated
Nearly 400,000 residential refinance and equity loans originated in California between January and April, a 20% drop compared to the almost 500,000 loans originated during the same period last year. Value of those loans was about $50 million, off 19% from $61 million in 1992. Figures are for January through April. Loan amounts in millions of dollars:
Southern California
Loan Amount County 1992 1993 %chg. Los Angeles $16,871.2 $12,815.5 -24.0% Orange 7,024.8 5,557.5 -20.9 Riverside 1,940.0 1,616.3 -16.7 San Bernardino 2,154.4 1,760.7 -18.3 San Diego 4,965.2 4,423.0 -10.9 Santa Barbara 738.2 570.0 -22.8 Ventura 1,732.9 1,286.0 -25.8
No. of Loans County 1992 1993 %chg. Los Angeles 120,017 91,799 -23.5% Orange 47,606 38,399 -19.3 Riverside 19,418 16,175 -16.7 San Bernardino 22,871 19,117 -16.4 San Diego 40,117 36,170 -9.8 Santa Barbara 5,583 4,168 -25.3 Ventura 12,752 9,609 -24.6
Bay Area
Loan Amount County 1992 1993 %chg. Alameda $2,972.1 $2,689.8 -9.5% Contra Costa 2,737.4 2,345.1 -14.3 Marin 1,106.8 922.1 -16.7 San Francisco 1,264.5 1,123.5 -11.2 San Mateo 2,056.7 1,747.0 -15.1 Santa Clara 4,254.2 4,197.5 -1.3
No. of Loans County 1992 1993 %chg. Alameda 23,277 19,970 -14.2% Contra Costa 20,113 16,682 -17.1 Marin 6,285 5,111 -18.7 San Francisco 7,594 6,568 -13.5 San Mateo 12,829 10,323 -19.5 Santa Clara 29,045 26,291 -9.5
Northern California
Loan Amount No. of Loans County 1992 1993 %chg. 1992 1993 %chg. Butte $196.5 $125.3 -36.2% 2,758 1,824 -33.9% El Dorado 422.5 305.6 -19.3 4,156 2,899 -30.2 Glenn 14.6 10.8 -25.9 255 194 -23.9 Humboldt 128.0 90.2 -29.5 1,839 1,309 -28.8 Lake 56.0 46.4 -17.0 823 646 -21.5 Lassen 15.8 12.7 -20.0 282 241 -14.5 Mendocino 97.9 79.9 -18.4 1,171 793 -32.3 Monterey 617.0 480.0 -22.2 4,913 3,701 -24.7 Napa 300.7 255.1 -25.1 2,481 1,833 -26.1 Nevada 210.4 166.8 -20.7 2,270 1,756 -22.6 Placer 664.4 469.3 -27.4 5,693 4,116 -27.7 Plumas 25.4 19.8 -21.7 376 270 -28.2 Sacramento 6,065.4 1,519.3 -26.4 21,555 16,114 -25.2 San Luis Obispo 498.5 332.3 -33.4 4,442 2,569 -42.2 Santa Cruz 4,254.2 4,197.5 -20.2 4,858 3,192 -34.3 Shasta 209.6 150.8 -28.1 2,834 2,067 -27.1 Siskiyou 31.7 21.1 -33.4 517 323 -37.5 Solano 718.2 592.1 -17.6 7,087 5,677 -19.9 Sonoma 1,140.9 901.4 -21.0 9,510 7,416 -22.0 Sutter 80.7 63.0 -22.0 1,028 781 -24.0 Tehama 37.3 29.5 -20.8 619 500 -19.2 Trinity 9.1 4.3 -52.9 156 92 -19.2 Tuolumne 102.8 65.7 -36.1 1,253 801 -36.1 Yolo 257.7 176.1 -36.1 1,253 801 -36.1 Yuba 39.9 27.0 -32.3 606 451 -25.6
Central California
Loan Amount No. of Loans County 1992 1993 %chg. 1992 1993 %chg. San Joaquin $690.5 $505.1 -26.9% 7,825 5,621 -28.2% Stanislaus 504.1 396.5 -21.4 5,933 4,738 -20.1 Fresno 581.5 509.1 -12.4 7,296 6,353 -12.9 Kern 479.5 391.3 -18.4 6,422 5,464 -14.9 Kings 53.2 50.3 -5.5 890 781 -12.2 Madera 95.0 87.7 -7.7 1,300 1,149 -11.6 Merced 133.8 107.0 -20.1 1,785 1,427 -20.1 Tulare 266.2 200.1 -24.8 3,686 2,539 -31.1
Source: TRW REDI Property Data