Tag Archives: Appreciation

Home prices nationally fell slightly in October, marking the second consecutive month of declines after a long period of growth, according to the latest FNC Residential Price Index. Overall prices in the 100 largest U.S. metro areas were down 0.1 percent between September and October, and the annual rate of appreciation nationwide was down to 5.7 percent in October, the report stated.

Home price growth continued in September on an annual basis, while monthly returns have stagnated, CoreLogic reported Tuesday. Including distressed sales, the company's Home Price Index (HPI) increased 5.6 percent in September compared to the year prior, bringing the index's yearly growth streak to 31 straight months.

Real estate data firm Zillow reported a 6.5 percent year-over-year gain in its Home Value Index for September, bringing the index up to $176,500. Zillow's chief economist, Dr. Stan Humphries, said the latest report comes as a relief compared to last year, when the market was experiencing unsustainable price growth that went well into the double digits in some areas.

Monthly home price appreciation gained steam in August even as a growing number of markets reported declines, according to FNC, Inc. The company's Residential Price Index (RPI) posted national growth of 0.8 percent in August, accelerating from July's 0.6 percent increase. Not all cities saw an acceleration, however.

Condo prices are rising faster than single-family home prices, according to the Trulia Price Monitor, which observes asking prices on a monthly basis. Asking prices for condos rose 7.3 percent year-over-year in September, while asking prices for single-family homes rose 6.0 percent. Condo price gains outpaced single-family price gains in 18 of the largest 20 condo markets, according to Trulia.

Including distressed sales, home prices nationwide rose 6.4 percent year-over-year in August, according to the latest report from CoreLogic. The increase marks 30 straight months of year-over-year price growth nationally. August's increase came in below July's rate of appreciation, which clocked in at 7.4 percent in CoreLogic's initial report for the month.

In a recent analysis released by Kroll Bond Rating Agency (KBRA), senior managing director Christopher Whalen predicts many metros around the country will see home price appreciation switch to a much slower track—or even decline modestly, in some cases—as the factors directing the momentum of the last few years diminish and fundamental drivers start playing a bigger role.

The Data & Analytics division of Black Knight Financial Services (BKFS) reported no monthly change in its Home Price Index (HPI) for January, underlining the question as to where other home price reports—including the monthly Case-Shiller Home Price Indices—will land for the year’s first month. BKFS’ latest report shows the index registering $232,000 in January, unchanged from the end of 2013. Year-on-year, the index was up 8 percent from $215,000.