Bill to kill $3M raises for Fannie, Freddie CEOs gains momentum

Bill to kill $3M raises for Fannie, Freddie CEOs gains momentum

Rep. Ed Royce-sponsored bill now has bipartisan support

First look: Architect Magazine showcases Fannnie Mae’s new corporate digs

It’s big and beautiful and it saves the GSE money

Fannie Mae: Mortgage lenders unnecessarily restrict credit

Higher credit scores, additional documentation most common
W S
Lending

Black Knight: Home prices tick up 0.9% in May

Continues upward trend

houses art

Home prices continue to slowly trend higher, rising .9% in May, up 5.9% from a year ago, according to the latest home price index report from Black Knight Financial Services.

This is now just 11% off the 2006 peak of $268,000, with the HPI coming in at $239,000.  

Meanwhile, Colorado and Texas both hit new peaks in May, reaching $269,000 and $195,000, respectively.

In addition, 20 of the largest 40 metros all experienced month-over-month growth.

Las Vegas still leads the largest metros in distance from its local market peak (-42.6%). For the 20 largest states, Florida holds that position, where prices are 32.4% lower than their April 2006 peak.

(Source Black Knight, click for larger image)

BK

BK

Recent Articles by Brena Swanson

Comments powered by Disqus