Boston had one of the busiest mortgage markets in the nation in 2015’s fourth quarter, according to the newly released U.S. Residential Property Loan Origination Report from RealtyTrac.
Per RealtyTrac’s analysis of publicly recorded mortgages and deeds of trust, Boston saw 11,822 purchase loans in the fourth quarter, an increase of 9 percent from Q4 2014; that gave Beantown the 10th-busiest mortgage market in the country.
Nationwide, there were 1.6 million purchase loans in 2015’s fourth quarter, a 1 percent increase from a year ago.
Here is how Boston compares with other large metro areas:
| Metro Area | Q4 2015 Purchase Originations | QOQ Change | YOY Change |
|---|---|---|---|
| Nashville | 6,602 | -23% | 79% |
| Knoxville | 2,320 | -24% | 41% |
| Memphis | 2,165 | -23% | 30% |
| Providence | 3,864 | -16% | 25% |
| Albuquerque | 2,111 | -21% | 18% |
| Boise City | 2,433 | -19% | 15% |
| Grand Rapids | 2,389 | -21% | 15% |
| Worcester | 2,458 | -24% | 12% |
| Portland | 8,517 | -20% | 10% |
| Boston | 11,822 | -32% | 9% |