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October 14, 2014
FNC Index: Home Prices Nationwide Up 0.8%; San Francisco Market Declines for First Time Since 2012 Recovery
The latest FNC Residential Price Index™ (RPI) shows U.S. home prices have increased another 0.8% from July to August. The latest trend—as of August—marks a 30-month rising streak since 2012. Based on recorded sales of non-distressed properties (existing and new homes) in the 100 largest metropolitan areas, the index increased 7.5% from the same period in 2013—unchanged when compared to July’s year-to-year rate—amid a persistent slowdown in the annual rate of home price appreciation.
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