FNC RPI: December Residential Property Values Decline 0.7%

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 have on underlying property values. December marks the fifth consecutive month-to-month declines and sends home prices down 3.5% from a year ago. Challenges underlying the