Black Knight Financial Services

Cryptocurrency Used to Buy House in Austin, Texas

Today’s News Synopsis: First home purchase entirely by Bitcoin occurred this week in Texas.  The National Association of Realtors reported a 1.7% decrease in existing-home sales last month.  Mortgage applications decreased 9.7% in the wake of the hurricanes and increased rates. In The News: National Association of Realtors – “Existing-Home Sales Subside 1.7 Percent in August” …

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Loftium Will Provide Down Payment If You Let Them AirBnB Your Spare Room

Today’s News Synopsis: Loftium will provide down payment if you let them AirBnB your spare room.  In the wake of both Hurricanes Irma and Harvey, builder confidence decreased by three points to 64 in September.  The biggest thing holding back millennials from owning a home is student debt. In The News: Black Knight Financial Services – …

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Homeowners Continue To Overestimate Their Home Values

Today’s News Synopsis: How much do you think your house is worth?  Many homeowners seem to be overestimating their value.  Household incomes in the U.S. increased last year to their highest on record by 3.2% as poverty decreased. Prices on homes are increases as demand for rentals continues to increase. In The News: Zillow – “Renter …

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“Sellers Need a Trusted Adviser (Realtors) They Can Lean On”-Zillow

Today’s News Synopsis: Instant Offers:  Zillow tells you what it is, isn’t, what they learned and where it’s going.  Housing affordability is lower with increased home prices and tight inventory, standing at 29% compared to 32% in the first quarter.  Mortgage rates also decreased again with 30-year rates at 3.9% and 15-year rates at 3.18%. …

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Shopping Mall Owners Are Tired of the Industry Chatter

Today’s News Synopsis: Mall CEO’s say retail apocalypse is exaggerated.  Do you believe them?  According to the latest Home Purchase Sentiment Index from Fannie Mae, there are much fewer Americans now than before who believe now is a good time to buy a home.  Low-down-payment purchase lending is at its highest in seven years according …

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Why Aren’t More Veterans Taking Advantage of Very Low VA Rates?

Today’s News Synopsis: Veterans and active duty members are eligible for some of the lowest mortgage rates available, yet only 7% have used VA loans in the last 5 years.  The latest home price report from CoreLogic showed a 6.7% increase in home prices in June.  Los Angeles saw another rise in rents for the …

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Realtor.com’s Latest List Shows the Best and Worst Places For First-Time Buyers to Purchase

Today’s News Synopsis: Big day for homes.  The latest home sales and price report from the California Association of Realtors showed existing home sales increased 3.3% month-over-month and 2.4% year-over-year in June.  Meanwhile, the median price was up 0.9% month-over-month and 7% year-over-year.  The Mortgage Bankers Association reported a 10% increase in new home purchase …

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More Startup Companies Hope To Help Landlords By Converting Empty Apartment Units into Hotel Rooms

Today’s News Synopsis: The Mortgage Bankers Association reported mortgage applications decreased drastically by 7.4% with the increase in interest rates.  JPMorgan Chase just had over 1 million home equity and private banking loans converted by Black Knight Financial into their LoanSphere system.  More startup companies are hoping to help apartment landlords by converting empty apartment …

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Could We Begin To See An Increase in Commercial Real Estate on Wheels?

Today’s News Synopsis: Could we be seeing an increase in commercial real estate on wheels with the increase in mobile retail stores?  Black Knight Financial Service’s latest data showed a 16% decrease in the number of underwater borrowers.  Realtor.com’s latest list showed the best places to live if you want to live by a lake. In …

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Homeowners Cannot Afford Their Mortgages In Half of U.S. Markets

Sources: Black Knight’s April Mortgage Monitor: Q1 2017 Originations Fall 34 Percent, Led By 45 Percent Drop in Refinance Lending CoreLogic US Home Price Report Shows Prices Up 6.9 Percent in April 2017 A Seller’s Market?  Consumers Express Diverging Sentiment on Home Buying and Selling in May Home Flipping Volume Rises to Nine-Year High in …

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