5 things you absolutely need for the MBA convention in Las Vegas

Is the Massachusetts AG's run for governor compromised by GSE buyback lawsuit?

Nonprofit CEO also co-chairs Coakley’s campaign finance committee

Exclusive: Move CEO Steve Berkowitz opens up about News Corp deal

Plus his thoughts on Zillow/Trulia and the future of real estate
W S
Lending / The Ticker

Home prices post strong growth in 3Q

Fastest quarterly growth since recovery began

Home Prices
/ Print / Reprints /
| Share More
/ Text Size+

Home prices experienced strong growth in the third quarter as the housing recovery continued to broaden across the country, the latest FNC Residential Price Index posted.

The index increased 2.5% between the second and third quarters, making third-quarter growth the fastest in the current recovery.

The firm attributed the uptick to rising home sales and relatively low foreclosure sales.

As of September, foreclosure sales nationwide accounted for 13.4% of total home sales, up slightly from August’s 12.7% but down from 16.6% a year ago. Home prices are expected to grow at a more moderate pace in the coming months because housing demand tapers off in the winter. In another sign of slower growth ahead, the leading October sales-to-list price ratio fell to 96.0 from 96.5 in July and August.

Recent Articles by HousingWire Staff

Comments powered by Disqus