FNC

Home Prices Continue to Strengthen; FNC Residential Price Index Up 0.8%

7/30/2012 10:29 AM EST

FNC’s latest Residential Price Index™ (RPI) indicates that U.S. residential property values continue to rise in May, widening March’s and April’s gains to capture the strongest seasonal price rebound in five years. Nationwide, May home prices – based on recorded non-distressed sales transactions in the 100 largest metropolitan areas – rose 0.8% from the previous month. Limited inventory amid rising seasonal demand...

FNC Study: How Local Market Conditions Affect Appraisal Valuations

7/19/2012 11:36 AM EST

Last month, the Appraisal Institute released “Guide Note 12: Analyzing Market Trends,” a resource designed to give AI members an analytical framework for studying market trends while developing a market value opinion on a property. The Guide Note is particularly concerned with challenges faced by appraisers when market conditions are rapidly changing, as demonstrated by recent boom and bust cycles of the U.S....

FNC® Partners with Valued Veterans

7/5/2012 5:16 PM EST

The veteran-owned AMC will use FNC technology to grow its business
Oxford, Miss. (July 5, 2012) – Mortgage technology company FNC, Inc. announced Thursday that the appraisal management company, Valued Veterans, will use FNC’s flagship product to better serve the nation’s major residential real estate lenders.

Valued Veterans, a service disabled veteran-owned appraisal management company (SDVOSB) serving the...

Home Prices Continue to Show Seasonal Gain

6/25/2012 4:14 PM EST

April FNC Residential Price Index Up 0.6%
FNC’s latest Residential Price Index™ (RPI) indicates that U.S. residential property values are up for the second month in April -- evidence that home prices are strengthening as rising demand and limited inventory continue to characterize many U.S. markets. Nationwide, April home prices – based on recorded sales transactions in the 100 largest metropolitan areas – rose...

March FNC Residential Price Index Up 0.5%

5/23/2012 11:26 AM EST

Year-to-Year Declines at Five-Year Lows
FNC’s latest Residential Price Index™ (RPI), released Wednesday, indicates that U.S. residential property values are up for the first time since July 2011, providing more evidence that the housing market is rebounding as the spring homebuying season is underway. Despite modest declines in March home sales, home prices – based on recorded sales transactions in the nation’s...

Median Asking Price Discount, For-Sale Market

Expecting More Seller Price Concessions? Spring Is Not the Time

4/30/2012 3:11 PM EST

Home sales are up again, according to March numbers released by the National Association of Realtors, marking the ninth consecutive year-to-year growth. On a month-to-month basis, however, both March and February show declining sales volumes from the previous months, meaning the spring home buying season has yet to begin. The latest numbers on new housing starts from the Census Bureau show similar...

February Residential Property Values Down 0.8%

4/24/2012 11:03 AM EST

FNC’s latest Residential Price Index™ indicates that U.S. property values continue to weaken
FNC’s latest Residential Price Index™ (RPI), released Friday, indicates that U.S. residential property values continued to show signs of persistent weakening - ending in February with a seventh consecutive month-to-month decline. Despite sharply rising activities in existing home sales and new housing starts from a year...

Foreclosures Continue to Bring Home Prices Down

4/3/2012 10:50 AM EST

FNC releases Q4 2011 Update of Market Distress and Foreclosure Discount
The latest FNC Residential Price Index™ (RPI), released Monday, indicates that U.S. home prices declined steadily in the last half of 2011. Since July 2011, prices on non-distressed properties (excluding foreclosure sales, REO sales, and short sales) have fallen 4.5% - averaging nearly 1.0% per month, according to the RPI -- the mortgage...

January Residential Property Values Drop 0.6%

3/27/2012 11:42 AM EST

FNC’s latest Residential Price Index™ (RPI), released Wednesday, indicates that U.S. residential property values declined in January, in spite of continued economic expansion and an improving job market in recent months. The latest persistent downtrends are driven primarily by conditions in the distressed market, which remains overwhelmed by the disposal of foreclosed and REO properties. Down 0.6% from December,...

FNC® Partners with BuildFax® to Deliver Building-Permit Data to Top Mortgage Len...

3/15/2012 11:00 AM EST

Additional data increases efficiency and accuracy in verifying appraisal valuations
Oxford, Miss., (March 15, 2012) – Mortgage technology company FNC, Inc., can now provide its clients access to historical building permit data as the result of a partnership with BuildFax®, announced Thursday.

“Amid a shifting real estate market and ever-changing regulations, FNC’s collateral-focused data coupled with the...

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