Tag Archives: FNC Inc.

Real estate tech firm FNC Inc.’s Residential Price Index (RPI) continued to accelerate in January—and it’s showing no signs of slowing down. According to the company, the index, which measures price movements with distressed sales excluded, jumped up 9.0 percent annually in January following an 8.7 percent boost in December. On a monthly basis, the index’s national composite increased 0.4 percent, beating December’s 0.3 percent gain.

Home prices nationally rose at a seasonally unadjusted rate of 0.3 percent in December, continuing the pace slow, steady monthly gains that started in September, FNC reported in its latest Residential Price Index (RPI). While slightly down from November’s 0.4 percent rate of growth, December’s price gains reflect greater stability in the non-distressed market, FNC says.

Despite experiencing greater downward pressures from distressed sales and declining housing activity, home prices rose in November at their fastest monthly pace since summer, according to data from FNC, Inc.'s Residential Price Index (RPI) for the month. FNC's national composite index, constructed using sales data on non-distressed properties, rose 0.5 percent in November, perking up from October's meager 0.3 percent gain. The two narrower 10- and 30-city composites also ticked up, rising 0.6 percent and 0.7 percent, respectively.

Rising home sales and declining foreclosure sales have driven the highest quarterly price increase since the national housing market recovery began, according to the FNC Residential Price Index released Friday. Prices rose 2.5 percent over the quarter, according to FNC. Phoenix posted the highest cumulative price gain since the start of the recovery--a 46.2 percent increase. The rest of the top five gains were recorded in Las Vegas (38.3 percent), Riverside, California (23.5 percent), Los Angeles (22.7 percent), and Orlando, Florida (20.5 percent).

On a monthly basis, home prices rose 0.6 percent in August, according to FNC's Residential Price index (RPI), a measure of price changes in the country's 100 large metropolitan areas. On a yearly basis, the increase is 5.3 percent. The monthly gain in August was smaller than the gains accrued over the two previous months--a sign that the recovery remains uneven across the nation, FNC says. With seasonal trends usually putting a drag on housing measures, the deceleration can be expected to go on.

FNC's Residential Price Index (RPI) closed in on a three-year high in July as discounted foreclosure sales approached pre-crisis levels. "The rapid declines in foreclosure sales and new foreclosure filings have diminished the impact of distressed properties on home prices," FNC said in its monthly release. "Meanwhile, steadily rising home prices and an expectation of continued recovery have stimulated housing turnover by prospective buyers who are in a position to take advantage of affordable home prices."

FNC's Residential Price Index (RPI) continued to show gains in May, though the company noted the pace of growth has started to slow to a more sustainable level. According to FNC, the index climbed 0.5 percent in May, striking a balance between April's 0.7 percent growth and March's 0.3 percent improvement. From December through May, FNC reported an average monthly price growth of 0.4 percent, which annual appreciation rates (4.0 percent in May compared to May 2012) similarly leveling out.

FNC's Residential Price Index shows prices rose 0.7 percent month-over-month in April, the largest acceleration since June 2012.

The latest Residential Price Index (RPI) from FNC, Inc., shows home price gains continuing in March for the 13th straight month. The index, which is based on recorded sales of non-distressed properties in the nation's 100 largest metros, rose 0.4 percent month-over-month in March and 5.5 percent year-over-year. On a quarterly basis, prices were up 0.7 percent from Q4 2012 and 5.7 percent from Q1 2012 as of the end of March, FNC reported. As usual, growth was more accelerated in the smaller 30- and 10-metro indexes.

U.S. property values went into spring continuing the growth trend that started a year ago, according to FNC's Residential Price Index (RPI) for February. The index, based on recorded sales of non-distressed properties (both new and existing homes) in the 100 largest metropolitan statistical areas (MSAs), recorded a 28-month high after rising for 12 consecutive months. Yearly, the index was up 6.1 percent--its fastest gain since July 2006. Month-over-month, the index was up 0.2 percent.