Condos Lag Single Family in Price Hikes: Opportunity for Investors? Millionacres 6 hrs ago © Provided by Millionacres Condos Lag Single Family in Price Hikes: Opportunity for Investors?
A searing market for residential housing continues to break records for shrinking supply and rising prices but interestingly, according to a leading data cruncher, condos aren’t completely along for the ride, and that could be an opening for real estate investors.
Black Knight (NYSE: BK), in its latest Mortgage Monitor Report released on April 5, says that nearly three-fourths of the nation’s 100 largest housing markets have seen annual price growth of at least 10% led by Boise, Idaho, at 25.7%. The positive numbers run deep: at number 50 is Chicago, still up 7.3% in a year.The mortgage data aggregator and analysis firm also says that nationally, prices are up 12.3% year over year among single-family residences the highest such annual home-price growth rate of any month on record da
Calculated Risk
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Calculated Risk
calculatedriskblog.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from calculatedriskblog.com Daily Mail and Mail on Sunday newspapers.
Black Knight Inc (BKI): Price Now Near $74.86; Daily Chart Shows Downtrend on 50 Day Basis
Get Ratings)’s price is up $0.01 (0.01%) from the hour prior. It’s been a feast for bulls operating on an hourly timeframe, as BKI has now gone up 5 of the past 5 hours. From a hourly perspective, the market looks fairly choppy; clear trends aren’t showing up on the 20, 50 and 100 hour timeframes. The moving averages on the hourly timeframe suggest a choppiness in price, as the 20, 50, 100 and 200 are all in a mixed alignment meaning the trend across timeframes is inconsistent, indicating a potential
opportunity for rangebound traders.
4/05/2021 12:21:00 PM
Black Knight released their Mortgage Monitor report for February today. According to Black Knight, 6.00% of mortgages were delinquent in February, up from 5.85% of mortgages in January, and up from 3.28% in February 2020. Black Knight also reported that 0.32% of mortgages were in the foreclosure process, down from 0.45% a year ago.
This gives a total of 6.32% delinquent or in foreclosure.
Today, the Data & Analytics division of Black Knight, Inc. released its latest Mortgage Monitor Report, based upon the company’s industry-leading mortgage, real estate and public records datasets. This month, with the U.S. housing market remaining extremely hot by any historical measure, the report looks at home price appreciation over the past year and how that’s impacted affordability. According to Black Knight Data & Analytics President Ben Graboske, incredibly low levels of for-sale inventory, coupled with still historically low interest rates, continue to put upwar