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June 17, 2015
FNC Index: April prices post largest seasonal gain since 2005
The latest FNC Residential Price Index™ (RPI) shows U.S. home prices climbed rapidly since March, as strong sales and limited inventory relative to demand continue to be the key narratives highlighting the spring housing market countrywide.
April’s gain marks the largest March-to-April increase since spring 2005 when the last housing bubble was at full throttle and home prices were approaching near peak levels. Moderate price accelerations in the coming months are expected as the underlying price pressure remains positive, thanks to continued record low interest rates and rising credit availability.
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