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October 16, 2012
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 favorably on current price trends.
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