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December 15, 2012

Home Prices Up 0.4% in October; Year-Over-Year Growth Acceleration Continues

U.S. property values continue to show signs of improvement, in line with indications of continued expansion in economic activity and better employment rates in recent months, according to FNC’s latest Residential Price Index™ (RPI).

Favorable developments in the housing sector, including declining foreclosure activities and rising home sales, have contributed to the continued price strengthening. Higher listing prices and smaller listing price discount, in part driven by rising homeowners’ expectations about future prices, have also contributed to the improvement.

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