Fidelity National bails out Landcastle Title

Fidelity National bails out Landcastle Title

Discovered “substantial account misappropriations”

Closing a mortgage finally makes money

Breaks 6 quarters of straight losses

WATCH: FHFA Director Watt ensures HARP is "not a scam”

800,000 families still eligible for HARP
W S

Home prices dip again in FNC index

/ Print / Reprints /
| Share More
/ Text Size+
U.S. home prices fell 0.4% in November from October, the fourth-straight monthly decline according to FNC's residential price index. November prices also decreased 4.6% from a year earlier, though FNC said year-over-year declines have stabilized in recent months. The Oxford, Miss.-based company said delinquent mortgages and foreclosures continue to handcuff the housing market. FNC's measure excludes sales of foreclosed homes and is not seasonally adjusted. CoreLogic (CLGX) reported last week a 4.3% year-over-year drop in national home prices for November. Without distressed sales, which include all short sales and REO deals, the analytics firm said prices fell just 0.6% from November 2010. San Antonio showed the largest monthly growth among metro areas measured by FNC, as prices increased 2.1% from October. Prices grew 3.9% in the South Texas metro since the peak of the U.S. housing market, and is one of two metros to show an increase since the bubble. Houston prices rose 0.2% since the peak, benchmarked at July 2006 by FNC. Atlanta home prices fell 2.7% from October, the biggest monthly drop. The metro also led the country in year-over-year depreciation at 13.2%, followed by Las Vegas at 11.9% and three Florida markets — Tampa (11.1%), Orlando (10.4%) and Miami (9.3%). Only San Francisco and Detroit home prices improved year-over-year at 3% and 0.9%, respectively. (Click chart to expand.)

Write to Andrew Scoggin. Follow him on Twitter @ascoggin.

Recent Articles by Andrew Scoggin

Comments powered by Disqus