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Home loans on the rise in Bay Area. (San Francisco Bay Area)
Californians may not be ready to split the state in two, but the recession already has divided North from South, according to a study that found Bay Area home purchase loans climbed by 7 percent last year.
Bankers bolstered their loans to Bay Area homebuyers to $15.6 billion, up from 14.5 billion in 1991. By contrast, home purchase loans in recession-plagued Southern California dropped 9 percent last year, to $29.9 billion.
"Southern California's economy continues to lag behind that of the Bay Area," said Nima Nattagh, a market research analyst with TRW REDI Property Data in Riverside, which compiled the real estate lending study.
The picture is worse in …
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