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Category Archives: General
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
Our May 6 webinar, “Home Equity Decisioning Solutions and Newly Released Appraisal Management Proposed Regulations,” is now available for viewing. Subject matter expert Shawn Telford and FNC General Counsel Neil Olson provide an overview of current regulatory topics in conjunction with current business trends — changing market conditions, HELOC trending, regulations — and help viewers understand the solutions and guidance available from FNC.
Oxford, Miss. (March 26, 2014) – Home prices in the Jacksonville, FL, metropolitan statistical area increased in January by 0.74% as indicated by the FNC Residential Price IndexTM (RPI), marking the 13th consecutive month of appreciation for this market. Also, the Jacksonville market increased 8.01% from January 2013, marking the 20th consecutive month of year-over-year gains. Despite recent growth, this market is still 15.85% below its January 2009 value. Furthermore… Continue reading
FNC Collateral Management Systems® will be updated on Saturday, Jan. 11, during which time admin-level users may notice a brief period of system inaccessibility. The following enhancements and changes will not impact the current system (unless noted) until they are activated by the user.
The latest FNC Residential Price Index™ (RPI) shows strong growth of home prices during the third quarter of 2013 as the housing recovery continues to broaden across the country. The index, constructed to gauge the price movement among the underlying non-distressed home sales, increased 2.5% between the second and third quarters, making the third-quarter growth the fastest in the current recovery.
Rising home sales and relatively low foreclosure… Continue reading
In the August edition of the AppraisalPort newsletter, I reported on some of the general information covered at the National AI Connect Conference in Indianapolis, July 23-25, 2013. This was a great conference, covering a wide range of topics. This month, I want to pass on some information covered in one of the breakout sessions for residential appraisers.
The session was titled, “Residential Chief Policy Roundtable” and included… Continue reading
The latest FNC Residential Price Index™ (RPI) shows continued growth of home prices in August as the U.S. housing recovery remains well underway. The index moved 0.6% higher from the previous the month, making August the 18th consecutive month of rising home prices. According to the FNC RPI, August home prices have climbed to the levels attained in December 2009.
Improving housing market fundamentals, particularly the rapid declines in… Continue reading
VIDEO: FNC’s Bill Rayburn and Bob Dorsey discuss how a Cyprus bailout would affect the United States
[This video was recorded March 25 as part of FNC’s Morning View series. Visit fncmorningview.com for call-in info and access to previous episodes.]
Bob Dorsey: There are a lot of restrictions on money transfer from one country to another. Increasingly, starting in the ‘50s, there were reductions in the constraints on that, so there was money transfer going more and more between countries. What’s happened is… Continue reading