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September 16, 2015
FNC Index: Home Prices Cooling off in July
Despite the continually rising sales and generally tight inventory, home prices across much of the country have shown signs of a seasonal slowdown. According to the latest FNC Residential Price Index™ (RPI), U.S. home prices rose at a much slower pace than they did in the previous five months.
The index’s 0.2% month-over-month increase falls short of what is typically expected for the tail-end of the summer homebuying season. It marks one of the weakest June-to-July seasonal growths since the housing market upturn in the past three and half years.
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