“Homebuyer Debt-to-Income Ratios (DTIs) are now approaching 40% in the beginning of 2023.
That means homebuyers are now spending 40% of their gross income on mortgage and interest costs.
Same level as 2006.”
Is another Mortgage Crisis brewing?
Homebuyer Debt-to-Income Ratios (DTIs) are now approaching 40% in the beginning of 2023.
That means homebuyers are now spending 40% of their gross income on mortgage and interest costs.
Same level as 2006. 😬
(Source: FHFA) pic.twitter.com/W3LIajDMsQ
— Nick Gerli (@nickgerli1) July 21, 2023
#recession … #GFC2 US #Housing Bubble 2.0 edition#RealEstate #Mortgages #RMBS 📉👀 https://t.co/NTyGhaFdYz pic.twitter.com/Q3p6cDkBSo
— Invariant Perspective (@InvariantPersp1) July 21, 2023
Household’s networth is sharply contracting
The last 2 times this happened, a recession followed pic.twitter.com/guI3dwPd8k
— Bravos Research (@bravosresearch) July 21, 2023
The housing market has significantly weakened following an unprecedented hiking cycle
This rate of decline in home prices typically precedes recessions pic.twitter.com/OcVwqb2EfK
— Bravos Research (@bravosresearch) July 21, 2023