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Monthly Archives: March 2012
FNC’s latest Residential Price Index™ (RPI), released Wednesday, indicates that U.S. residential property values declined in January, in spite of continued economic expansion and an improving job market in recent months. The latest persistent downtrends are driven primarily by conditions in the distressed market, which remains overwhelmed by the disposal of foreclosed and REO properties. Down 0.6% from December, January marks the sixth consecutive month-to-month price decline. Property values nationwide… Continue reading
Bill Rayburn and Bob Dorsey talked yesterday about the recent feeling of serenity in the real estate market. Prices are down, treasuries and rates are up, sales are up — it feels like flowers are beginning to bloom, Bill said.