Category Archives: Analytics

FNC Report: Housing Recovery Takes Hold for the Long Haul

Posted on February 18, 2013 by FNC

housing-recovery
Though home foreclosures continue to be a challenge in many hard-hit markets, a report released this week by mortgage technology company FNC indicates the ongoing housing recovery should continue for the long haul.
According to FNC’s Foreclosure Market Report, foreclosure prices have bottomed out in recent months and the foreclosure market has stabilized while underlying home values are rising… Continue reading

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Home Prices Hit 20-month High; August FNC Index Up 0.3%

Posted on October 18, 2012 by Yanling Mayer

FNC’s latest Residential Price Index™ (RPI) indicates that U.S. property values continue to rise. Home prices reached a 20-month high following a robust spring/summer homebuying season. In August, home prices rose for the sixth consecutive month, consistent with signs of strengthening market conditions that are led by rising existing-home sales and declining foreclosure activities. Foreclosure sales, down from 23% a year ago to 17.4% in August, continue to play out… Continue reading

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FNC study shows appraiser due diligence in the process of developing a market value opinion

Posted on July 20, 2012 by Yanling Mayer

Last month, the Appraisal Institute released “Guide Note 12: Analyzing Market Trends,” a resource designed to give AI members an analytical framework for studying market trends while developing a market value opinion on a property. The Guide Note is particularly concerned with challenges faced by appraisers when market conditions are rapidly changing, as demonstrated by recent boom and bust cycles of the U.S. housing market. In slower markets like today’s… Continue reading

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Spring Housing Scoreboard

Posted on July 10, 2012 by Yanling Mayer

Spring Housing Scoreboard: While homesellers in Chicago are taking steep price cuts, Bay Area homes are selling quickly at near asking price.

With the arrival of the spring/early summer homebuying season, homes prices nationwide have showed signs of strengthening. The FNC Residential Price Index® (FNC RPI™) – the industry’s first hedonic price index built on a comprehensive database that blends public records with real-time appraisals of property characteristics… Continue reading

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Real Estate Sales Season Arrives Early in Chicago*

Posted on April 30, 2012 by Yanling Mayer

Despite the continued weakness in the U.S. housing market as indicated by March numbers from indicators such as NAR’s existing homes sales, Census’s new housing starts and new home sales, signs of a housing pick-up in the Chicago metro area are emerging earlier this year.

Rising Inventory and Owners’ Asking Prices: First, as early as February, Chicago’s single-family home listings were up 8.0% from the previous month, accompanied by… Continue reading

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Expecting More Seller Price Concessions? Spring is NOT the Time.*

Posted on April 25, 2012 by Yanling Mayer

Home sales are up again, according to March numbers released by the National Association of Realtors, marking the ninth consecutive year-to-year growth. On a month-to-month basis, however, both March and February show declining sales volumes from the previous months, meaning the spring home buying season has yet to begin. The latest numbers on new housing starts from the Census Bureau show similar trends.

Nevertheless, a seasonal pick-up in… Continue reading

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From the Archives: Not All Price Indexes Are Created Equal

Posted on April 19, 2012 by FNC

After we posted Bill Rayburn and Bob Dorsey’s FNC Morning View episode about home price indexes, a few readers asked for more information on the different home price indexes currently available. Today, we revisit our Collateral Vision archives to bring you a post from August 2011: “Not All Price Indexes Are Created Equal.”

Have more questions about home price indexes? Leave a comment below, and we’ll get… Continue reading

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FNC’s RPI: Home Prices Down 0.6% in October

Posted on December 21, 2011 by Yanling Mayer

Yanling Mayer

Almost without exception, individual markets tracked by the FNC 30-MSA composite index declined in October.

FNC’s latest Residential Price Index™ (RPI), released Wednesday, indicates that October U.S. home prices continued to weaken at a modest pace despite recent positive home-sales data. The trend is a reminder that the housing market remains constrained… Continue reading

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Foreclosure Price Discount: A Lemon Discount, A Liquidity Discount, or Both?

Posted on November 21, 2011 by Yanling Mayer

The collapse of the U.S. housing market in 2006 has unleashed an unprecedented wave of residential mortgage defaults and foreclosures. It is no coincidence that the mortgage crisis is more concentrated in areas where home prices have experienced steep declines, and in subprime neighborhoods where borrowers tend to have minimum equity in their highly leveraged homes. Despite that the subprime mortgage crisis is now stretching into its sixth year, sales… Continue reading

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The Crash Course: A Review; Plus: Predictions with FNC’s RPI

Posted on September 16, 2011 by Lance Thoet

Recently, I read The Crash Course, a fantastic book by Chris Martenson. In the book, Martenson examines the future of our economy, including energy demands and environmental impacts and makes the argument that our current conditions are unsustainable.

Of particular interest to our industry are pages 85–87, where Martenson discusses the housing bubble. His… Continue reading

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