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“Our analytics deliver comprehensive details about the residential collateral that backs the loans our clients originate and service. Thanks to our partnership with BuildFax, we can now offer our clients even more property information they can use to verify details about the residential property.”
Mike Loscavio, FNC Director of Strategic Alliances
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Home Prices Continue to Strengthen; FNC Residential Price Index Up 0.8%

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 and falling numbers of distressed properties in total home sales continue to be the driving force behind the price recovery. FNC’s RPI is the industry’s first hedonic price index

March FNC Residential Price Index Up 0.5%

Year-to-Year Declines at Five-Year LowsFNC’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 100 largest metropolitan areas – enjoyed a small increase from February. Declining foreclosure sales as a percentage of total home sales have likely contributed to the price

Expecting More Seller Price Concessions? Spring Is Not the Time

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 trends. Nevertheless, a seasonal pick-up in home sales and listings is widely expected in the coming months. Record lows of home prices and mortgage financing costs will continue to play out

February Residential Property Values Down 0.8%

FNC’s latest Residential Price Index™ indicates that U.S. property values continue to weakenFNC’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 ago, prices on non-distressed home sales (excluding foreclosure auction sales, REO sales, and short sales) continue to slide, down 0.8% from February or 3.0% from a year ago. In this

January Residential Property Values Drop 0.6%

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, January marks the sixth consecutive month-to-month price decline. Property values nationwide have returned to January 2003 levels. Based on the latest data on non-distressed home

November Home Prices Decline 0.4%

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 declines in residential property value. Modest downward pressure on home prices remains as banks continue to work through the backlog of delinquent mortgages and REO properties.

Home Prices Continue to Weaken: Down 0.6% in October

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 distressed properties. October marks the third month of continued price declines and is unfortunately accompanied by a moderate downward index revision to the previous month. Based on

Home Prices End Recent Seasonal Rebound with 0.8% Decline in August

Oxford, Miss. (October 20, 2011) – FNC’s latest Residential Price Index, released Thursday, indicates U.S. home prices declined in August despite strong existing home sales during the month. This decline reverses a modest fourth-month long seasonal uptrend. Amid weak economic fundamentals, home prices -- as well as a number of key leading housing indicators including new housing starts and building permits -- signal a likely scenario of continued housing weakness in the months ahead. Based on the latest data on non-distressed home sales (existing and new homes), FNC’s Residential Price

June Home Prices Up for Third Straight Month

Oxford, Miss. (Aug. 25, 2011) – FNC announced Thursday that U.S. home prices rose for the third consecutive month, ending in June with the largest seasonal gain year to date. With very little data supporting a sustainable housing recovery, recent encouraging uptrends are likely driven by seasonal upswings in home-buying activities, rather than a reflection of more fundamental improvement in underlying housing conditions. Based on the latest data on non-distressed home sales (existing and new homes), FNC’s Residential Price Index™ [1] (RPI) indicates that single-family home prices were up

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