Fannie Mae: Will housing make full recovery in 2015?

Zillow, Trulia shareholders green light merger

Overwhelming margin approve marriage of online listings giants

Fannie Mae explains 6 ways to push borrowers to refi

Time is running out
W S
Lending / The Ticker

FNC Residential Price Index still rising

Home price appreciation improved in 2013

big house
/ Print / Reprints /
| Share More
/ Text Size+

Home price appreciation in 2013 was even better than 2012, according to FNC.

The FNC Residential Price Index, which does not include distressed properties, was up 0.3% in December.

Home prices of normal sales have been rising at steady and sustainable levels — about 0.3-0.5% per month.

FNC’s RPI is the mortgage industry’s first hedonic price index built on a comprehensive database that blends public records of home prices with real-time appraisals of property and neighborhood attributes.

As a gauge of underlying home values, the RPI excludes final sales of real-estate owned and foreclosed homes, which are frequently sold with large price discounts, likely reflecting poor property conditions.

Recent Articles by Jacob Gaffney

Comments powered by Disqus