FNC Index Indicates Improving Trends in Underlying Home Value
Oxford, Miss. (May 18, 2011) – Contrary to recent reports of deep home price declines, FNC announced Wednesday that U.S. home prices in March continue to show signs of stabilization following rather mild declines in February, making March the second consecutive month with better-than-expected price momentum. Based on the latest data on non-distressed home sales (existing and new homes), FNC’s Residential Price Index ™ (RPI) indicated that single-family home prices in March trended slightly upward since February at a seasonally unadjusted rate of 0.1%, consistent
