Analysis and Data

Construction of new multifamily units rose nearly 29% in August from July; single-family starts rose 3.4%.

Urban Institute says borrowers of color would most likely see the greatest benefits.

Patricia Black previously headed operations at SoFi Home Loan.

Total loans in forbearance decreased by 2 basis points in August from July: from 0.74% to 0.72%.

CFPB report also reveals the official end to the refinance boom and shift to home purchase loans in 2021. 

A result of elevated interest rates, supply chain disruptions, and high home prices.

Zillow found that low-cost markets remain competitive, while home values slope downwards.

But rising interest rates taking a toll on both buyers and sellers.

31.4% of U.S. home purchases were paid with all cash in July.

August data shows home-sellers accepted offers below their listing prices, another sign of rebalancing in the housing market.