FNC: Home prices slightly increase

Oxford, Mississippi-based FNC released its latest Residential Price Index[TM] (RPI) on Jan. 15 and the index showed that November home prices for non-distressed sales rose by 0.5 percent compared with the prior month. The index rose modestly despite downward price pressure coming from an increase in foreclosure sales during the month, FNC reported.

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April’s report is the 13th consecutive month of slowing home-price growth, which is now at its lowest level of growth since September 2012. The 10-City Composite, increase, though, rose slightly from.

The largest single-family price increase was in the Cumberland area of Maryland and west virginia. prices there rose 19.0 percent from a year ago to a median of $116,500.. A. Home prices in.

According to FNC’s price index report, the increase in home prices in the third quarter was driven in part by declining foreclosure sales. As of September, foreclosure sales nationwide accounted for 13.4% of total home sales, up slightly from August’s 12.7% but down from 16.6% a year ago, the report states.

Gallup: Americans not as optimistic about homeownership

The politics of prescription drug pricing The two narrower indices exhibit similar month-over-month price momentums but a slightly faster year-over-year price increase. While August home prices are up in nearly all the major housing markets tracked by the FNC 30-MSA composite index, Phoenix and Los Angeles began to show the first signs of price weakening, where prices were down 0.1.

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Average home price appreciation ticked up slightly but remained in the 4.5-5.0% range nationwide. The chart below tabulates the latest MOM and YOY price trends for each MSA in the FNC 30-MSA composite index. Home prices are up in all MSAs except San Antonio, Baltimore, and New York.

In February, annual home price gains slowed across the country, according to the latest Case-Shiller Home Price Index from S&P Down Jones Indices and CoreLogic. The report’s results showed that.

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