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Andy Walden, Black Knight vice president of enterprise research, joins 'The Exchange' to discuss current mortgage data, why people aren't buying homes and where the data suggests the housing market is headed.
Andy Walden, vp of enterprise research at Black Knight, joins 'The Exchange' to discuss housing affordability, why interest rates are pushing consumers to rent, and how return to office policies are contributing to housing market dynamics.
Andy Walden, Black Knight VP of enterprise research, joins 'The Exchange' to discuss the home price slowdown.
Black Knight Inc. BKI, -1.48% said Monday that year-over-year home price growth in June dropped by nearly two percentage points, which the data analytics company said was the "greatest single-month slowdown on record" since at least the early 1970s. Black Knight said the slowdown to 17.3% annual home price growth in June from 19.3% was broad based was a record by far, "and it wasn't even close," said Black Knight Data & Analytics President Ben Graboske; in comparison, the strongest single-month slowing during the 2006 housing downturn was 1.19 percentage points.
JACKSONVILLE, Fla. , July 25, 2022 /PRNewswire/ -- Black Knight, Inc. (NYSE:BKI), a leading provider of software, data and analytics solutions to the mortgage and consumer loan, real estate and capital markets verticals, today announced it will report its second quarter 2022 financial results on Thursday, August 4, 2022, at approximately 7:30 a.m.
Andy Walden, Black Knight VP of enterprise research and strategy, joins 'The Exchange' to discuss the housing market cooling.
This transaction creates a powerhouse in the mortgage ecosystem.
Intercontinental Exchange ICE, +1.00% said late Thursday it priced $8 billion in bonds to finance its $13 billion acquisition of Black Knight Inc. BKI, +0.10% . The deal has 11 joint book-running managers including Bank of America Corp.'s BAC, -1.41% BofA Securities Inc. unit, Goldman Sachs Group Inc. GS, -0.71% , Wells Fargo Securities LLC WFC, -1.79% , Citigroup Global Markets Inc. C, -2.31% and PNC Capital Markets LLC PNC, -0.33%.
Atlanta-based Intercontinental Exchange has agreed to buy Black Knight, a real estate analytics company, for $13.1 billion, according to a news release from the companies.
Merger activity decreased last week with three new deals announced and four deals completed. Two of the three deals announced were potential deals in the works.