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Homebuyers Losing Purchasing Power Due To High Rates

Homebuyer on a $3,000 monthly budget lost $71k in purchasing power since August 2022, Redfin reports

Analysis and Data
Aug 24, 2023
the interest
Homeownership Affordability Sees Slight Reprieve In July Amid Broader Challenges

While short-term stability persists, Atlanta Fed's index shows a downward trend, raising concerns as housing affordability dips below 2006 levels.

Analysis and Data
Nomura Securities Enters Agreement Over RMBS Fraud

U.S.-based subsidiary of Nomura Holdings agrees to $35 million settlement and restitution with DOJ following investigation into fraudulent trading.

Courts
New Single-Family Home Sales Surge In July

New single-family home sales defy housing market trends in July 2023.

Analysis and Data
Going For Seconds On DSCR Loans

LoanStream launches DSCR Seconds, allowing borrowers to use a second mortgage to fund their next purchase.

Non-QM
Housing Sales Stagnation Expected Through 2024, Recession or Not

Fannie Mae's ESR Group foresees challenges in the housing market regardless of the economy's trajectory, with mortgage rates and inflation playing pivotal roles.

Analysis and Data
First-Time Homebuyers Hit Highest Level Since 2010

Zillow report shows FTHB now make up 50% of all buyers

Analysis and Data
Mortgage Applications Slide 4.2%, Reaching Historic Lows

Elevated interest rates and housing market challenges deter potential buyers; ARM applications see a rise as homebuyers weigh options.

Analysis and Data
Better.com Debuts On Public Market, Securing $565 Million Amid Challenges

CEO Vishal Garg discusses potential for growth and overcoming obstacles; company leans into tech innovation amidst market headwinds.

Industry News