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February 17, 2015
FNC Index: Home Prices Up 0.1% in December
The latest FNC Residential Price Index™ (RPI) shows the nation’s average home prices ended in 2014 with a slight increase after a three-month decline. Based on recorded sales of non-distressed properties (existing and new homes) in the 100 largest metropolitan areas, the index bounced back slightly from November but continues to indicate decelerations in the annual growth of home prices nationwide. Throughout the fourth quarter, home prices were down 0.2% from the third quarter, dragging the year-over-year growth down to about 5%.
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