April Single-Family Home Prices Up 0.5 Percent
Oxford, Miss. (June 22, 2011) – FNC announced Thursday that U.S. home prices continue to show notable improvement in April. Despite broad economic and job market weakness, home prices have increased for the first time since the withdrawal of the homebuyer tax credits a year ago. Based on the latest data on non-distressed home sales (existing and new homes), FNC’s Residential Price Index™ [1] (RPI) indicated that single-family home prices in April were up from March at a seasonally unadjusted rate of 0.5%. Despite downward price pressure from high volumes of foreclosure sales, home prices