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Home Prices Rise for the First Time in Eight Months: Black Knight

Friday, Apr 07 2023
Lending
Written by  The Mortgage Leader

February brought the first month-over-month gain for U.S. home prices in eight months, according to Black Knight. So reports Mortgage Orb.

Black KnightBlack Knight’s Mortgage Monitor report showed a seasonally adjusted 0.16% increase in U.S. home prices in February, the largest monthly gain since May 2022.

“The purchase market showed signs of life when rates declined,” Black Knight’s Andy Walden said in a statement. “Borrowers were quick to take advantage of limited inventory.”

Read the full article from Mortgage Orb. 

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