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Tag Archives: FNC Inc.

Home Prices Edge Up 0.1% in December

The latest price index from FNC Inc. shows the nation's average home price moved up 0.1 percent in December, turning around after a 0.1 percent decline in October and no notable change in November. Home prices fell 0.2 percent through 2014's fourth quarter compared to the third, putting annual growth at about 5 percent compared to 5.2 percent in November and 5.7 percent in October.

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Home Prices Down Again in October

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.

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Home Price Changes Turn Negative After Long Climb

FNC's Residential Price Index dropped 0.3 percent in September, despite strong home sales and continued improvement in the labor market. It was the first time in 30 months that values did not rise, though home prices in the third quarter overall were up 1.8 percent over the second quarter.

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Home Price Gains Accelerate in August

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.

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Report: Low Appraisals Not at Fault for Slow Housing Recovery

As home values have made a rapid ascent in the past few years, those on the sales side point to lagging appraisal models as a major hurdle to finalizing transactions. In a newly released report, however, FNC maintains that despite anecdotal reports, "there is no strong evidence that low appraisal valuations contributed to mortgages falling through."

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Home Prices Grow 0.6% in July

FNC, Inc.'s national Residential Price Index (RPI), a metric of prices in 100 of the nation's largest housing markets excluding REO and foreclosure sales, grew 0.6 percent month-over-month in July, slowing again from 0.8 percent in June (which in turn was down from 1.2 percent in May). The narrower 30-metro composite index saw a similar slowdown, also declining to 0.6 percent growth, while the 10-metro composite saw a half a percentage point drop to 0.4 percent.

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Home Price Growth Continues to Ease

The S&P/Case-Shiller National Price Index gained 6.2 percent annually in June, according to a report released Tuesday from S&P Dow Jones Indices. That figure was down from a yearly increase of 7.1 percent in May. The narrower 10- and 20-city composite indices each gained 8.1 percent compared to May's improvements of 9.4 percent and 9.3 percent, respectively.

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Price Gains Stay on Slow Track in June Index

According to the latest Residential Price Index report from FNC, home prices are still on the way up, just not at the pace they used to be. FNC found that despite continued signs of leveling off in home price appreciation, U.S. home prices were up another 0.8 percent from May to June and 2.3 percent throughout the second quarter. Meanwhile, year-over-year growth is decelerating as expected.

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Non-Distressed Prices Rise Slowly as Sales Increase ‘Moderately’

Prices rose 9 percent year-over-year for the first quarter of this year, according to FNC, Inc.'s Residential Price Index, which measures sales activity for non-distressed homes in the 100 largest metros in the country. On a monthly basis, prices rose 0.6 percent in March. On an annual basis, Western states continue to lead the nation with drastic price gains.

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Price Gains Continue to Build Up Steam

FNC, Inc.’s Residential Price Index (RPI) once again picked up its clip in February, rising at the highest annual rate in nearly eight years, the company reported. The national index, created to gauge price movement among “normal” home sales (exclusive of distressed properties), climbed 9.1 percent year-over-year in February, bringing it back to levels last seen at the peak of the housing market in June 2006 as non-distressed sales gain market share.

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