Black Knight Says Sellers are Retreating from the Market

BY  ON MARCH 8, 2023

According to Black Knight’s latest Mortgage Monitor, both supply & demand in the housing market are being impacted by a volatile interest rate environment. Click here to read more.

In addition, they say shortages in for-sale inventory are keeping affordability tight and buoying higher home prices that potentially lock would-be sellers in place.  Indeed…

“Sharply rising 30-year rates in February have weakened home affordability, with nearly all major U.S. markets remaining unaffordable as compared to their own long-run averages….Between escalating inventory challenges and worsening affordability, we’re seeing some volatility in the market – just not in the form of widespread, steep price corrections.”  Said Andy Walden, Black Knight’s Vice President of Enterprise Research.


Click here to read the full report at Black Knight.

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  • Hamza Ashfaq
    published this page in Updates 2023-03-23 04:39:39 -0600