Black Knight Says Housing is the Least Affordable since the Mid-1980s Black Knight’s Mortgage Monitor Report for May, 2022 says home prices rose 1.5% from April, which they say is nearly twice the historical average for the month of May. However, they say with 30-year mortgage rates hovering close to 6% and home prices up
Black Knight Says Serious Delinquencies 45% Above Pre-Pandemic Levels According to Black Knight’s “first look” report for May, 2022, the national delinquency rate on first lien mortgages fell slightly to 2.75% in May, continuing the downward trend in overall delinquencies and marking yet another new low. However, Black Knight says serious delinquencies remain 45% above
Black Knight Says Annual Home Price Growth Hits All-Time High in February Black Knight’s Mortgage Monitor Report for February, 2022 says home prices increased 1.84% in February – which is nearly four times the 25-year average for the month – and the 14th month of the pandemic to see greater than 1% monthly growth. In
Black Knight Says Foreclosure Starts 20% Below Pre-Pandemic Levels, Despite Increase Black Knight’s Mortgage Monitor Report for January, 2022 says that despite a more than 7x increase, January’s foreclosure starts remained more than 20% below pre-pandemic levels. In addition, foreclosure starts were almost evenly split between borrowers who were already delinquent prior to the pandemic
Black Knight Says Foreclosure Starts Reverse Course in September According to Black Knight’s “first look” report for September, 2021, the national delinquency rate on first lien mortgages fell slightly to 3.91% in September, the first time it’s been below 4% in 18 months. However, Black Knight points out that nearly 400k mortgage holders exited forbearance
Black Knight Says Foreclosure Starts Edge Higher According to Black Knight’s “first look” report for August, 2021, The national delinquency rate on first lien mortgages fell to 4% in August, the lowest it’s been since pandemic-related impacts caused mortgage delinquencies to spike in early 2020. However, Black Knight says August’s 7,100 foreclosure starts represented the
