Tight inventory levels have spurred unprecedented home-price growth rates, resulting in profound home affordability concerns, according to the newest Mortgage Monitor Report from Black Knight Inc.’s Data & Analytics division.
“Home prices grew at 14.8 percent on an annual basis in April,” says Ben Graboske, Black Knight Data & Analytics’ president. “That’s the highest annual home price growth rate we’ve ever seen – and Black Knight’s been tracking the metric for almost 30 years