Items Tagged with 'BLACK KNIGHT'

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Recent data has shown that home price growth is slowing, and the news might have had some real estate investors choking on their breakfast cereal. Every time we see an in-depth analysis of a weekly change in interest rates or mortgage loan application data, we remind ourselves not to buy into the hype. But while "don't buy into the hype" is good advice in general, there's also a compelling reason why we should not discount it entirely.

According to the latest report from Black Knight, tappable equity on mortgaged properties is now $5.9 trillion – down from last quarter’s record-breaking $6 trillion. American homeowners with a mortgage lost about $2,300 in equity this quarter and now have $136,000 available to tap as a slowdown in home price appreciation dampens growth.