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March 15, 2016

FNC Index: January Home Prices Down 0.3%

Year-Over-Year Growth at 16-Month Highs since October 2014

According to the latest FNC Residential Price Index™ (RPI), U.S. home prices in January showed a seasonal decline, down 0.3% from December, reflecting flat home sales during the same period. On a year-over-year basis, home prices rose 6.4% from December 2015.

“January is typically a slow month for housing activity, and month-over-month fluctuations in home prices tend to reflect that,” said Yanling Mayer, FNC’s housing economist and Director of Research.

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