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Tag Archives: FNC Inc.

Prices Continue to Climb in October, Denver Shows Biggest Improvement

The latest Residential Price Index (RPI) report from FNC, Inc., shows property values continued to improve in October on the national level. Home prices were up 0.4 percent in October, marking the eighth consecutive month of price increases. Year-to-date, prices have appreciated at a rate of 5.1 percent. According to FNC, October's price gains falls "in line with indications of continued expansion in economic activity and better employment rates in recent months."

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Asking Prices Increase, Discounts on the Decline

Asking prices on homes improved on a yearly basis for the seventh straight month in November, according to the latest report from FNC, Inc. The report also shows a steady improvement in liquidity conditions throughout 2012--meaning the gap between asking prices and selling prices is closing, even as prices rise. The average home sale in October closed at 6.6 percent below the asking price, a year-over-year improvement from 9.7 percent.

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FNC: Prices Stay Flat in September but Improve Quarterly

Despite a relatively flat September, FNC's latest Residential Price Index (RPI) showed home prices were up in the third quarter. Based on recorded sales of non-distressed properties (both new and existing homes) in the 100 largest metropolitan statistical areas (MSAs), September home prices were mostly unchanged from August. However, prices were up 2.3 percent from September 2011, the largest yearly increased since February 2007. September also marked the third straight month of year-over-year price improvement.

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