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July 21, 2014
FNC Index: Home Prices Pick Up Momentum
Home sales nationwide picked up momentum entering the summer months, according to the latest FNC Residential Price Index™ (RPI) released this week. The latest numbers—as of May—indicate U.S. home prices are rising at a faster pace. Constructed to gauge the price movement among normal home sales by excluding distressed properties, the index rose 1.0% from April to May. On a year-over-year basis, the rate of home price appreciation across the nation slowed by 1.0-2.0% when compared to the first quarter.
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