Black Knight Home Price Data at Odds With Recent FHFA Move

Black Knight Home Price Data at Odds With Recent FHFA Move

Black Knight released its Mortgage Monitor report today--always a treasure trove of robust housing/mortgage-related data.  Of particular interest this time around is the ongoing price declines seen in Black Knight's Home Price Index (HPI)--especially as they relate to the recent FHFA HPI data that influenced new conforming loan limits. To be clear, today's HPI from Black Knight is for October whereas last week's FHFA HPI data was for September.  It's nonetheless interesting because the sort of full-fledged price rebound seen in the FHFA data (Q3 miraculously came in slightly HIGHER than Q2) is nowhere to be found in any of the other data. NOTE: FHFA's own monthly HPI data suggested declining values in Q3 but the conforming loan limit is based on expanded quarterly data which include