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June 16, 2014

FNC Index: Home Prices Up 0.6% in April amid Moderating Annual Rate of Price Appreciation

The latest FNC Residential Price Index™ (RPI) shows U.S. home prices continue to firm up moderately despite weaker-than-expected home sales in recent months. Constructed to gauge the price movement among normal home sales excluding distressed properties, the index rose 0.6% from March to April. In a sign that the annual rate of home price appreciation has peaked, the index’s year-over-year change has moderated for a second consecutive month since February.

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