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prima:Mortgage banking activity increases in first half of 2024

So far this year, cash home purchases have decreased, giving way to more mortgage financing, reports real estate agent Ruby González

July 26, 2024 - 9:45 AM

Mortgage growth is set against a backdrop of low housing inventory, rising prices, high demand and the largest increase in federal funds rates recorded in the past 20 years. (Archivo)

Despite the challenges that persist in the real estate sector in Puerto Rico, mortgage banking activity reflected an increase at the close of the first half of 2024, according to data published by the three commercial banks operating on the island.

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