Did You Know: Median Loan Amount
November 18, 2009
By Keunwon Chung, Statistical Economist 
- According to the Home Mortgage Disclosure Act data (HMDA), with the real estate downturn, the median loan amount decreased 4% in 2008.
- In contrast, the NAR existing home sales median price was down 9.5 percent in 2008.
- California showed the largest decline in median loan amount (27%) followed by Nevada (17%), Arizona (16%), and Florida (15%).
- Largest decline in the median loan amount by State:
- On the other hand, in some states such as Kansas, Pennsylvania, and Oklahoma, the median loan amount increased:
- Note: The data for 2009 will not be available until October 2010. The 2008 data does not reflect all-cash purchases. Also, some loans made by small financial institutions may not be included, either.
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