Posted To: MND NewsWire
April price gains may have set a record for setting records and Black Knight, in its Mortgage Monitor for the month, runs them down. The annual rate of price increases , 14.8 percent, was the highest in the company’s records dating back to the mid-1990s. Single-family prices rose even higher, 15.6 percent. Condo gains were significantly more restrained at 10 percent. April marked the 17th straight month of home price gains and they continue to accelerate sharply even as affordability is growing tight. Black Knight says before 2021 the largest single month increase was 1.53 percent in April 2004 and pre-2021 month-over-month appreciation exceeded 1.5 percent only two additional times in Black Knight’s records (May 2004, and April 2005.) Price increases have broken through that barrier in each…(read more)
Source: Mortgage News Daily
