Black Knight Says Serious Delinquencies 45% Above Pre-Pandemic Levels - Real Estate Investing Today
Black Knight Says Serious Delinquencies 45% Above Pre-Pandemic Levels - Real Estate Investing Today
Abstract
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. Black Knight says serious delinquencies remain 45% above pre-pandemic levels.
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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 pre-pandemic levels. Click here to read the full report at Black Knight.
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 pre-pandemic levels. Click here to read the full report at Black Knight.
Delinquencies reversed course in June after three consecutive months of drops to record lows, according to Black Knight, but experts there warned not to make too much of the recent change.The overall delinquency rate, excluding foreclosures, rose 9 basis points from May to 2.84%, according to Black Knight’s First Look report. Both short- and long-term delinquencies increased during the month, with the increase in the latter being the first seen in almost two years. During June, 1.51 million m...
Delinquencies reversed course in June after three consecutive months of drops to record lows, according to Black Knight, but experts there warned not to make too much of the recent change.The overall delinquency rate, excluding foreclosures, rose 9 basis points from May to 2.84%, according to Black Knight’s First Look report. Both short- and long-term delinquencies increased during the month, with the increase in the latter being the first seen in almost two years. During June, 1.51 million m...
Islandwide, active inventory numbers for single-family homes grew just 4% while the inventory of condominiums declined 19%.
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July's purchase rate lock activity fell to a low not seen since COVID-19 arrived in the United States, according to data from the Black Knight Optimal Blue product and pricing engine.The rate at which homebuyers locked in their financing costs during the month was 11% slower than it was prior to the pandemic and down 28.5% from a year ago despite the fact that financing costs tracked by Black Knight were down 49 basis points from June."Although 30-year interest rates actually pulled back slight...
There were 314 single-family homes sold in August compared to 425 in August 2021.
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The pandemic-fueled vacation home buying frenzy is beginning to fizzle.
getty
The pandemic-fueled vacation home buying frenzy is beginning to fizzle. The sad thing about vacations is that no matter how much fun you’re having, they have to end. Just consider that demand for vacation homes has fallen below the pre-pandemic baseline for the first time in two years. Sky-high home prices and surging mortgage rates, a...
Demand For Vacation Homes Is Now Below Pre-Pandemic Levels
The pandemic-fueled vacation home buying frenzy is beginning to fizzle.
getty
The pandemic-fueled vacation home buying frenzy is beginning to fizzle. The sad thing about vacations is that no matter how much fun you’re having, they have to end. Just consider that demand for vacation homes has fallen below the pre-pandemic baseline for the first time in two years. Sky-high home prices and surging mortgage rates, a...
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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 addition, t average home has now increased in value by more than [...]
The post Black Knight Says Annual Home Price Growth Hits All-Time High in February appeared first on Real Estate Investing Today.
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 addition, t average home has now increased in value by more than [...]
The post Black Knight Says Annual Home Price Growth Hits All-Time High in February appeared first on Real Estate Investing Today.