Linkage: return of mortgages requiring no pay stubs or bank statements

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Linkage – Handpicked News

Congrats to Axios on getting bought for half a billion. They were first media firm to get fast, substantive coverage down at scale across multiple topics and local markets. The best news: founding leaders will retain board seats to grow vision. (axios.com)
The rate of homebuyers facing bidding wars dipped below 50% in June. This is a nice shift toward a more buyer-friendly market. Click the Redfin link to get bidding war rates for your city. (redfin.com)
This is a great two-decade overnight success story from The Ringer. Since co-directing 2014’s ‘John Wick,’ stuntman turned director Leitch has revamped what action movies look like with megastars like Pitt, Theron, Reynolds, Statham, and The Rock. (theringer.com)
Check out this Visual Capitalist map of median salaries needed to buy median priced homes in 50 U.S. metro areas. It's a good quick reference but NEVER a substitute for talking to a lender about your actual profile vs. actual home prices in your area. (visualcapitalist.com)
Amazon buying Roomba isn’t about selling more vacuums, it’s about mapping your home to sell you more of everything. Genius or diabolical? (bloomberg.com)
Fed rate hikes to cool economy are working for GDP but hot job market shows we’re not in recession. (nytimes.com)
In some markets, sellers can no longer bet on multiple offers and quick deals, and buyers can afford to be pickier. (marketplace.org)
First of 3 GDP readings for 2Q22 declines 0.9% following a 1.6% decline in 1Q22. Two straight quarterly declines is usually a recession but super low 3.6% unemployment offsets this for now, so NBER (the org who calls recessions officially) won’t call it for a couple more months. (cnbc.com)
Here's CB Insights 2Q22 State Of Fintech Report. Teaser: Global fintech funding was $20.4b in 2Q22, the lowest since 4Q20. And while the 5 quarters before 2Q22 saw 30+ new fintech unicorns (private firms worth $1b+), there were only 20 unicorn births in 2Q. As for U.S. funding, it's at a 6-quarter low of $8.6b. (cbinsights.com)
Existing home sales down 5.4% in June and down 14.2% vs. a year ago. On pace for 5.12m homes sold in 2022. Unsold inventory now 1.26m units, a 3 month supply. First time buyers were 30% of sales, cash buyers 25%, investors and second home buyers 16%. (nar.realtor)

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