H o m e o w n e r s H i p r a t e s
Mississippi
Mississippi United States The Real Estate Finance Industry remains
Homeownership Rates* a key driver of the nation’s economy. In 2005,
2003 73.4 68.3 real estate finance generated $2.9 trillion
2004 74 69 in single-family loan originations and $345
2005 78.8 68.9 billion in commercial originations. Last year,
2006 76.2 68.8 new residential and commercial construction
All Loans (Single Family) and housing-related expenditures
Number of Loans 81,835 15,576,852 represented nearly 11 percent of
Dollar Volume $7,774,584,000 $2,817,352,293,000 America’s gross domestic product (GDP).
Average Loan Amount $95,003 $180,868
Harvard University’s Joint Center for Housing
FHA Insured
Studies The State of the Nation’s Housing
Number of Loans 4,849 436,324
2006 report notes that, “including residential
Dollar Volume $479,451,000 $53,136,331,00
investments, commissions and fees to
Average Loan Amount $98,876 $121,782
brokers and real estate agents, spending on
VA Guaranteed
furnishings and yards, and spending on rents
Number of Loans 1,368 149,608
and utilities, housing contributed a record
Dollar Volume $187,785,000 $23,584,462,000
23 percent of the nation’s $12.5 trillion GDP
Average Loan Amount $137,270 $157,642
in 2005. This astounding number represents
Rural Housing (FMHA)
the larger reach and impact that the real
Number of Loans 471 20,478
estate finance industry plays in maintaining
Dollar Volume $42,565,000 $2,080,055,000
a strong economy. Additionally, the success
Average Loan Amount $90,372 $101,575
of other sectors of the economy depends
Single Family Prime Originations
on a strong commercial and residential
Number of Loans 70,410 13,099,633
real estate market.
Dollar Volume $6,756,092 $2,406,326,758
Single Family Subprime Originations The real estate finance industry, not only
Number of Loans 11,425 2,477,219 facilitates financing of commercial and
Dollar Volume $1,018,492 $411,025,535 multifamily properties, but also allows
Foreclosure Rate (NDS)** people to achieve the American Dream
4th Quarter 2006 2.14 1.19 of homeownership. It remains among the
Unemployment Rate (BLS)*** most important sectors of our economy.
4th Quarter 2006 6.9 4.5
* Source: www.census.gov
** Source: MBA National Delinquency Survey, Q4 2006
*** Source: U.S. Department of Labor – Bureau of Labor Statistics
All other data from 2005 HMDA
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