Tag Archives: FNC

National home prices remained largely unchanged in the fall, according to the latest FNC Residential Price Index report. After 30 months of growth in the national housing market, prices dropped off in October and stayed virtually the same in November.

The S&P/Case-Shiller Home Price Indices, released Tuesday, showed house prices gained 9.3 percent across 20 of the country's biggest cities, down substantially from the 10.8 percent increase recorded for April and the slowest growth rate since February 2013. Economists had expected an increase of 9.9 percent for May.

While home prices continue to decelerate on an annual basis after reaching peak speed in February, price gains did pick up slightly from April to May, according to FNC's latest price index. After rising 0.6 percent over the month in both March and April, national home prices rose 1 percent in May, according to FNC's data, which excludes the sales of distressed properties.

The latest Residential Price Index (RPI) report from FNC, Inc., shows home price appreciation continued in April at a monthly pace of 0.6 percent nationally, matching March's month-over-month increase. Though monthly increases picked up momentum in April, yearly returns continued to moderate for the second straight month—"a sign that the annual rate of home price appreciation has peaked," FNC said.