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March 16, 2015

FNC Index: Home Prices Down 0.3% in January -- Annual Home Price Appreciation at 10-Month Lows and Down to 4%

The latest FNC Residential Price Index™ (RPI) shows the nation’s housing market started the year with a small decline in average home prices. Based on recorded sales of non-distressed properties (existing and new homes) in the 100 largest metropolitan areas, the index fell 0.3% in January but continued to rise at a modest rate of 4.4% for its 31 consecutive months of year-over-year gains. As of January, the annual rate of price appreciation is at 10-month lows.

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