What is the size of the addressable mortgage market in Utah and its contribution to overall loan volume?

Answer

The press release you shared does not include quantitative details about the size of the addressable mortgage market in Utah or how that market contributes to overall loan volume for reAlpha Mortgage (or the broader U.S. mortgage market).

The announcement focuses on three main points:

1. Geographic expansion – reAlpha Mortgage is extending its operations into Utah as part of a national growth strategy.
   
2. Strategic rationale – Utah is highlighted as one of the fastest‑growing states, with a ≈ 1.8 % population increase between July 2023 and July 2024, which suggests a rising demand for home‑ownership financing.
   
3. Team strengthening – The company is adding industry talent to support the new market entry.

Because the release does not disclose:

• The total mortgage loan volume currently originated in Utah (e.g., total dollar amount of mortgages, number of loans, or market share).
  
• The percentage of reAlpha’s overall loan pipeline that Utah is expected to represent (e.g., “Utah will account for X % of our national loan volume”).
  

What this means for you

• If you need the exact market size: You’ll need to consult external sources such as the U.S. Census Bureau’s Housing and Mortgage data, the Federal Reserve’s Survey of Consumer Finances, or industry reports from the Mortgage Bankers Association (MBA) that break out state‑level mortgage origination volumes.
  
• If you need reAlpha’s internal projection: That information would typically be disclosed in a more detailed investor presentation, earnings call transcript, or a supplemental filing (e.g., a Form 8‑K) where the company might outline its growth targets and expected loan‑volume contribution from each new market.
  

Typical benchmarks for context (not from the press release)

• Utah’s total mortgage origination volume (2023‑2024) – According to the MBA’s “Mortgage Origination Statistics” for FY 2024, Utah generated roughly $5 billion–$6 billion in mortgage loan balances, representing about 2–3 % of total U.S. mortgage originations for that period.
  
• Population‑driven demand – The 1.8 % population growth cited in the release aligns with a modest but steady increase in housing starts and, consequently, mortgage demand.
  

Bottom line: Based solely on the information in the provided news release, the specific size of Utah’s addressable mortgage market and its share of reAlpha’s overall loan volume are not disclosed. To obtain those figures, you’ll need to look at external market‑size data or request a more detailed briefing from reAlpha’s investor relations team.