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Why investors believe CoStar holds a big advantage post-NAR settlement

Housing Wire

The opposite trajectories of their stock prices seem to reflect investor appetites for their different business models. Last December, Zillow netted 105 million unique visitors, according to Comscore data cited in Zillow’s investor materials. Zillow For years, Zillow has dominated online home listings.

Investors 450
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Private-label securities are in demand as investors bet Fed peak is reached

Housing Wire

And so [investors] can start having greater conviction in the future path of interest rates and in the health of the mortgage market.” The pool of non-QM borrowers includes real estate investors, fix-and-flippers, foreign nationals, business owners, gig economy workers and the self-employed.

Investors 414
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Buyers can afford more expensive homes on the back of lower mortgage rates: Redfin

Housing Wire

mortgage rate, the prospective buyer with a $3,000 budget can afford a $453,000 home. In October, a buyer with the same monthly budget and a 7.8% Redfin agents report that buyers have come to terms with rates in the 6s, even if they’re double the historically low costs that buyers had during the early stages of the COVID-19 pandemic.

Buyers 404
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UWM expands DSCR offerings to real estate investors

Housing Wire

Dubbed “Investors Flex,” the non-QM product for real estate investors, offered purchase and refinance loans up to $2 million that could be used to finance up to 20 properties by using each property’s monthly rental income to qualify.

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MCT taps Jennifer Kennelly for investor services team

Housing Wire

Mortgage Capital Trading (MCT) announced the appointment of Jennifer Kennelly as the new senior director of its investor services team. The marketplace allows buyers to bid regardless of their approval status and sellers receive automated live pricing from every buyer on the platform.

Investors 370
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Investors are buying more, but spending less

Housing Wire

Real estate investors are buying more properties, but paying less for them, according to a report from RealtyTrac released Thursday based on ATTOM Data Solutions home sales data. In the second quarter of 2021, investor purchases accounted for 15.4% of all home purchases nationwide, compared with 11.5% of the market. of the market.

Investors 545
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Investors from 3 Asian nations have heartiest appetite for U.S. MBS

Housing Wire

trillion MBS portfolio helps fuel widening interest-rate spreads in the MBS market by creating additional MBS supply to be absorbed by investors. That increased supply, in turn, puts downward pressure on bond prices while expanding yields for investors, who will seek higher coupons on new issuance. trillion in U.S. The bulk of U.S.

Investors 477