Tag Archives: FNC Residential Price Index

FNC Index: Home Prices Flat in November

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

Posted in FNC | Tagged | Comments Off

FNC Index: Home Prices Up 2.3% in the Second Quarter

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

Posted in FNC, Mortgage | Tagged , , , | Comments Off

FNC Index: Latest Home Price Numbers Reveal Decrease in Birmingham Area

Home prices in the Birmingham-Hoover, AL, metropolitan statistical area decreased by 0.32% for the month of December as indicated by the FNC Residential Price Index™ (RPI). The slide in prices marks the fourth consecutive month of depreciation for this market. Furthermore, the percentage of home sales that were distressed reached 19.54% — a 1.4% gain over November’s figure of 19.27% and a 39.47% increase over September’s figure of 14.01%… Continue reading

Posted in Analytics, FNC | Tagged | Comments Off

FNC Index: November Home Prices Up Steadily by 0.5%

Oxford, Miss. (Jan. 15, 2014) – The latest FNC Residential Price Index™ (RPI) shows U.S. home prices continuing to rise at a modest pace despite at a flatter rate when compared to the spring and summer months. This trend largely reflects a decline in housing activity. The index, constructed to gauge underlying property value based on non-distressed home sales only, was up 0.5% in November despite greater downward pressure from… Continue reading

Posted in FNC | Tagged , , | Comments Off

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

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

Posted in Analytics, FNC, Mortgage | Tagged , | Comments Off

February Residential Property Values Down 0.8%

FNC’s latest Residential Price Index™ (RPI), released Friday, indicates that U.S. residential property values continued to show signs of persistent weakening – ending in February with a seventh consecutive month-to-month decline. Despite sharply rising activities in existing home sales and new housing starts from a year ago, prices on non-distressed home sales (excluding foreclosure auction sales, REO sales, and short sales) continue to slide, down 0.8% from February or 3.0%… Continue reading

Posted in FNC | Tagged | Comments Off

From the Archives: Not All Price Indexes Are Created Equal

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

Posted in Analytics, FNC | Tagged , , , | Comments Off

An index is an index is an index?

FNC’s Bill Rayburn and Bob Dorsey will discuss the different types of housing indexes on April 16’s FNC Morning View. (Click here for access information.)

WSJ’s Developments blog summarizes eight common housing indexes here:

  • S&P/Case-Shiller looks at repeat sales in 20 metro areas, using a three-month moving average.
  • The LPS
  • Posted in FNC | Tagged , , , | Comments Off

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

    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

    Posted in Analytics, Mortgage | Tagged , , , | 1 Comment