News : FNCs Residential Price Index

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FNC Composite Indexes
 

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

30 Jul, 2012 16:29 CET  -   FNC
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...
Appraisals Relative to Contract Price
 

FNC Study: How Local Market Conditions Affect Appraisal Valuations

19 Jul, 2012 17:36 CET  -   FNC
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....
Index Trends
 

March FNC Residential Price Index Up 0.5%

23 May, 2012 17:26 CET  -   FNC
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

30 Apr, 2012 21:11 CET  -   FNC
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...
MSA Index Trends
 

February Residential Property Values Down 0.8%

24 Apr, 2012 17:03 CET  -   FNC
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...
Exh6b
 

Foreclosures Continue to Bring Home Prices Down

3 Apr, 2012 16:50 CET  -   FNC
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...
National RPI
 

January Residential Property Values Drop 0.6%

27 Mar, 2012 17:42 CET  -   FNC
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's National RPI
 

FNC RPI: December Residential Property Values Decline 0.7%

22 Feb, 2012 18:18 CET  -   FNC
Oxford, Miss. (Feb. 22, 2012) – FNC’s latest Residential Price Index™ (RPI), released Wednesday, indicates that U.S. residential property values declined in December amid signs of continued improvement in the job market and economic growth. With sales of distressed properties comprising a large portion of overall home sales, prices on non-distressed sales continued to reflect the downward pressure distressed sales...
FNC National Index
 

November Home Prices Decline 0.4%

18 Jan, 2012 18:03 CET  -   FNC
FNC’s latest Residential Price Index™ (RPI), released Wednesday, indicates that U.S. home prices continued to decline despite recent signs of job recovery and rising home sales and new residential constructions. The continued price retreat comes as no surprise as the housing market remains constrained by high volumes of delinquent mortgages and home foreclosures. November marks the fourth consecutive month-to-month...
FNC National Residential Price Index
 

Home Prices Continue to Weaken: Down 0.6% in October

21 Dec, 2011 23:05 CET  -   FNC
Almost without exception, individual markets tracked by the FNC 30-MSA composite index declined in October.
FNC’s latest Residential Price Index™ (RPI), released Wednesday, indicates that October U.S. home prices continued to weaken at a modest pace despite recent positive home-sales data. The trend is a reminder that the housing market remains constrained by weak economic fundamentals and the overhang of...