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November 24, 2010

U.S. Single-Family Home Prices Decline 0.4 Percent in September, Tax Credit May Have Been More Effective in Some Markets than Others

The FNC Residential Price Index, the leading hedonic price index – built on the industry’s most comprehensive database that combines public records and proprietary appraisals on residential properties across the United States – shows that broadly measured U.S. home prices in September trended lower for a third month, declining 0.4% from August. On a year-over-year basis, September home prices declined 2.1% from a year ago at a pace that has decelerated slightly since June.

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