Black Knight

Intercontinental Exchange (ICE) completed its $11.9 billion purchase of software, data, and analytics company Black Knight (BKI) after federal regulators dropped their opposition to the deal. » Mehr auf investopedia.com

ATLANTA & NEW YORK & JACKSONVILLE, Fla.--(BUSINESS WIRE)--Intercontinental Exchange, Inc. (NYSE: ICE), a leading global provider of data, technology, and market infrastructure, and Black Knight, Inc. (NYSE: BKI), a software, data and analytics company that serves the housing finance continuum, including real estate data, mortgage lending and servicing, as well as the secondary markets, today announced that ICE has completed its acquisition of Black Knight. The Black Knight acquisition follows I. » Mehr auf businesswire.com

-- The Black Knight HPI hit another all-time high in July, with the annual rate of growth jumping to +2.3% from a revised +0.9% in June -- The reaccelerating annual growth rate was driven as much by the price declines of last July providing a lower starting point as it was by July 2023 gains themselves -- August will likely see further reacceleration in annual growth with prices already up a seasonally adjusted 2.9% from August 2022 and 4.4% from the start of the year -- At the same time, non-adjusted monthly gains fell below their 25-year average after significantly outpacing historical averages from February through June, signaling a slowdown may be underway -- Though prices rose on both seasonally adjusted and non-adjusted levels, after five months of above average gains, July's 0.23% non-adjusted change was smaller than the 25-year average increase of 0.34% for the month -- Seasonally adjusted price gains were observed in 99 of the 100 largest markets in July; however, growth rates cooled with three-quarters of markets experiencing smaller monthly gains than they had in June -- Black Knight transaction and rate lock data both point to slowdowns in demand, with the seasonally adjusted price per square foot on closed sales falling alongside the average non-adjusted purchase price on locked loans -- As extremely tight home affordability could continue to weigh on month-to-month growth, it will be worth keeping a close eye on monthly data trends as we move through Q3 -- With rates at 7.23% as of Aug. 24, the P&I payment to purchase the median-priced home using a 20% down, 30-year fixed-rate mortgage had risen to $2,423 – a 91% increase over just the past two years -- It now takes 38.3% of the median household income to make the monthly payment on the median-priced home purchase, making housing the least affordable that it's been since 1984 JACKSONVILLE, Fla. , Aug. 31, 2023 /PRNewswire/ -- Today, the Data & Analytics division of Black Knight, Inc. (NYSE:BKI) released a high-level summary of the latest Home Price Index for July 2023. » Mehr auf prnewswire.com