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June 23, 2011
April Single-Family Home Prices Up 0.5 Percent
FNC announced Thursday that U.S. home prices continue to show notable improvement in April. Despite broad economic and job market weakness, home prices have increased for the first time since the withdrawal of the homebuyer tax credits a year ago.
Based on the latest data on non-distressed home sales (existing and new homes), FNC’s Residential Price Index™ (RPI) indicated that single-family home prices in April were up from March at a seasonally unadjusted rate of 0.5%.
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