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Monthly Archives: October 2012
Research from SCAG, the Southern California Association of Governments, indicates that the U.S. is experiencing a shift in the way many Americans will want to live in the future. A large aging population coupled with a younger generation that has developed a different set of values where housing is concerned is a major force driving this change. It is predicted that both of these groups are going to prefer living… Continue reading
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
FNC was recognized Wednesday as one of the world’s top 100 financial tech companies, receiving a spot in the FinTech 100 (an annual list of top technology providers, sponsored by American Banker and Bank Technology News).
FNC CEO Bill Rayburn says “it’s a great honor for us to be recognized among the fastest growing financial technology companies in the world. This award is a tribute to our… Continue reading
Happy Fiscal New Year.
Last week it was announced that new home sales are up, at a seasonally adjusted annual rate of 373,000. From the bottom, that number is up nicely. But from the top, it’s way down. (Source: Calculated Risk)
As there were 141,000 new homes for sale last month, FNC’s Bob Dorsey says it should take four-and-a-half months until that inventory is clear.