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Tag Archives: Residential Price Index
The latest FNC Residential Price Index™ (RPI) shows that the U.S. housing recovery continues to take hold with home prices nationwide rising a modest 0.6% in June. The index is reaching a two-year high after rising 16 straight months. The 16-month rising streak has lifted home prices by 7.6% since February 2012 — the month in which the housing market bottomed out.
According to the… Continue reading
The latest FNC Residential Price Index™ (RPI) shows the U.S. housing market continued to recover, recording in March the 13th consecutive price increase. In recent months, the ongoing housing recovery has maintained its pace with steady and persistent gains in home prices despite signs of continued job market weakness and soft economic growth.
Low interest rates continue to be a key driver of rising housing demand. The market… Continue reading
FNC’s latest Residential Price Index™ (RPI), released Wednesday, indicates that U.S. residential property values declined in December amid signs of continued improvement in the job market and economic growth. With sales of distressed properties comprising a large portion of overall home sales, prices on non-distressed sales continued to reflect the downward pressure distressed sales have on underlying property values. December marks the fifth consecutive month-to-month declines and sends home… Continue reading
According to the FNC Residential Price Index™ (RPI), U.S. home prices continued to weaken in November despite signs of job recovery and rising home sales and new residential construction. The price weakening is a continued reflection of weak housing demand and drag from foreclosures and distressed sales.
A recent white paper prepared by the Federal Reserve Board for congressional policy consideration reveals that as many as a million… Continue reading
- The National Association of Realtors’ Pending Home Sales Index (PHSI) measures signed real estate contracts for existing single-family homes, condos, and co-ops.
- The FHFA’s House Price Index (HPI) is a weighted repeat-sales index that measures average price changes in repeat sales or refinancings on
FNC’s latest Residential Price Index™ (RPI), released Wednesday, indicates that U.S. home prices continued to decline despite recent signs of job recovery, rising home sales, and new residential construction. The continued price retreat is no surprise as the housing market remains constrained by high volumes of delinquent mortgages and foreclosures. November marks the fourth consecutive month-to-month declines in residential property value. Modest downward pressure on home prices remains as banks… Continue reading
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
As we try to accurately assess housing prices and market trends, one tool that has proved valuable is the price index. In the recent past, an over-supply of homes for sale has caused prices overall to decline. While there were some increases during the summer, the indices are down about 0.6% for September and October, and down 4.7% overall from a year ago.
One problem with indexing is the… Continue reading
Of the many likely sources contributing to ongoing housing market weakness (e.g., the overhang of distressed and vacant homes; tight credit; poor job prospects; negative income shocks to many would-be first-time homebuyers; disappearing equity on the part of potential trade-up buyers), appraisal valuation –- a key underwriting requirement for screening the risk of mortgage loans in the event of borrower default –- has come under criticism for its alleged role… Continue reading
Last week, ahead of the S&P/Case-Shiller Home Price Index, a number of price indices reported the latest July home price trends. While all indices are pointing to a fairly decent seasonal upswing in the housing market, beneath this consensus lies significantly overlooked differences.
One of these difference concerns what type of sales transactions need to be measured in order to capture a relatively accurate picture of what’s happening to… Continue reading