Investments

New research shows that young Americans are finding it increasingly difficult to buy a home of their own. The co-author of a series of reports will delve into discoveries around the factors why.

The transaction highlights the importance of giving the government-sponsored enterprises like Fannie access to a range of risk-sharing alternatives at a time when market volatility reportedly delayed another type of deal.

The buyers spent an average of $433K per house and paid cash in three of every four purchases, Redfin reported.

Federal Reserve Bank of St. Louis President James Bullard said he supports raising interest rates by a full percentage point by the start of July — including the first half-point hike since 2000 — in response to the hottest inflation in four decades.

About 3.3% of loans in the deal fall into the 600-649 FICO bucket on the current Sunnova Helios VIII, 2022-A, compared with a 1.2% level in the 2021-C deal.

The firm enters the flourishing investment space backed by the industry’s biggest player and offers consumers multiple paths toward homeownership.

It was the biggest annual gain since 2013, Attom Data Solutions found.

The debt facility from Barings is likely the largest to a Black-owned investor in the market.

While lack of inventory and high prices remain on their list of worries, rising interest rates also stand to make a greater impact.

The deal gives Blackstone a portfolio of 42 garden-style apartment communities totaling more than 12,600 units in 13 states, including Texas, Arizona, Florida, Colorado and Georgia.