Oxford, Miss. (May 12, 2016) – The Spring 2016 homebuying season will soon mark the sixth year into the housing recovery. With steadily rising property values and homeowners’ equity, the housing market continues to regain its footing while mortgage delinquency and home foreclosures are falling to all-time lows since the 2007 housing downturn.
Early estimate shows the average home price in April reached $231,000, up 7.4% from the same… Continue reading
FNC Index: February Home Prices Up 0.1%
Yearly Growth at 12-Month Highs in Nashville but 12-Month Lows in Boston
Oxford, Miss. (Apr. 15, 2016) – The latest FNC Residential Price Index™ (RPI) indicated U.S. home prices moved slightly higher in February after dropping unexpectedly in January. Not adjusting for seasonality, February home prices were up 0.1%. On a year-over-year basis, prices continue to climb at a moderate pace… Continue reading
Yanling Mayer, Director of Research
It has been over three years since Colorado voters made history on November 6, 2012, to successfully pass Amendment 64 for legalizing the marijuana industry, which, of course, is not without potentially important implications for the state’s housing demand and property values.
And the verdict is out: A new study, the first of its kind, finds the constitutional amendment has since had a… Continue reading
The latest FNC Residential Price Index™ (RPI) shows the nation’s average home prices were largely unchanged from October to November. This trend occurs after prices declined for the first time in September following two-and-a-half years of modest-to-strong price increases nationwide. Weak housing activity, including sales of existing homes – even as 30-year mortgage rates are down by more than a half percentage point from a year ago – has largely… Continue reading
Our Dec. 16 webinar, “Are You Ready for Fannie’s Collateral Underwriter (CU)?,” is now available for viewing. Subject matter expert Christian Leask explains the choices of manual resolution of appraisal issues and automated resolution of appraisal issues when Fannie Mae goes live with Collateral Underwriter on Jan. 26, 2015, and explains how with FNC, you are ready.
Click here to access audio/video/.pdf of the webinar… Continue reading
The “Examining Residential Home Sales” report provides a detailed look into the characteristics of existing single-family homes that are bought and sold in the marketplace. Inside the report, compiled from FNC’s National Collateral Database™ – one of the most comprehensive and current repositories of property transactions and appraisal information – the characteristics of residential home sales such as property age, living area size, ownership duration, loan origination vintage, and home… Continue reading
On Nov. 18, FNC’s Managing Director of Consulting and Product Management Shawn Telford and General Counsel Neil Olson presented a regulatory and compliance update webinar. They discussed the most critical aspects of the following key issues:
- The Fannie Mae Collateral Underwriter (CU) Project
What are FNC’s solutions for Fannie Mae?
- Proposed Changes to the Uniform Standards of Professional Appraisal Practice (USPAP)
Definition of a report; report drafts and
Below is this month’s update to the FNC Residential Price Index (http://www.fncrpi.com/) written by Yanling Mayer, a senior research economist at FNC. No drastic changes to report in the market this month. Prices are continuing their general upward trend in most areas, just at a slower pace. San Francisco fell off a bit, but that won’t make much of a dent with the already incredibly high prices in that city… Continue reading
Posted in Appraising
Tagged FNC RPI
In August, I reported on an educational session I attended at The Appraisal Institute (AI) annual conference in Austin, Texas, on Aug. 4-6, 2014. In that article, I mentioned Robert Murphy from Fannie Mae covered some of the changes made in the first major update to the property and valuation section of the Fannie Mae Selling Guide since 2009. This is very important to appraisers because the Selling Guide is… Continue reading
Despite continued signs of moderation in home price appreciation, the latest FNC Residential Price Index™ (RPI) shows that U.S. home prices were up another 0.8% from May to June and 2.3% throughout the second quarter. Constructed to gauge the price movement among normal home sales by excluding distressed properties, the index’s year-over-year growth continues to decelerate as widely expected: down to 8.0% from its fastest acceleration of 9.4% in February… Continue reading