Lending for condo purchases has held relatively steady over the last few years at about 8% of total mortgage originations. Hotspots with a particularly high share of condo sales include Washington D.C. at 37% and Hawaii at 42%. With the delinquency rate of condo loans sitting about 2% lower than that of single-family homes, there could be room to loosen condo lending guidelines.
CoreLogic Insights Blog, May 6, 2019
