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December 16, 2014

FNC Index: Home Prices Down 0.1% in October - Orlando, Riverside, and Las Vegas Show Strong Annual Price Appreciation through 2014

The latest FNC Residential Price Index™ (RPI) shows home prices fell slightly in October, making this the second consecutive month of declines. The continued price weakening emerges amid reports of a rising pace of existing-home sales and ongoing improvement in the labor market. Based on recorded sales of non-distressed properties (existing and new homes) in the 100 largest metropolitan areas, the index dropped 0.1% between September and October. The annual rate of home price appreciation continued to decline in pace, down to 5.7% in October.

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