The top five states in the ranking have an average mortgage size for home purchases of $512,836 in 2022. Home purchase prices have been steadily increasing since the start of the pandemic when the average purchase price across all states was $374,500.
The data in this list was sourced from
Scroll through to see which states are in the top 20 and how they fared in 2022.
Even as home equity withdrawals hit a two-year high, utilization rate remained less than half of normal, ICE Mortgage Technology said.
Sens. Elizabeth Warren and John Hickenlooper say recent data suggests there is "no need for restrictive interest rates" and easier monetary policy is necessary to lower housing costs.
The joint venture with Smith Douglas Homes will expand Loandepot's market presence in states including Georgia, Alabama and Texas.
Flueid, which provides verification of title services, has raised $8.3 million of new capital, with lead investor LiveOak Ventures along with Gilbert's Detroit Venture Partners.
Mortgage professionals are focusing on housing policies and the Federal Reserve this November.
Esusu, Foyer, Divvy Homes and Tomo Mortgage are among the fintechs trying to give first-time homebuyers a break, alongside community development financial institutions like Southern Bancorp.
