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FNC’s latest Residential Price Index™ (RPI) indicates that U.S. property values continue to rise. Home prices reached a 20-month high following a robust spring/summer homebuying season. In August, home prices rose for the sixth consecutive month, consistent with signs of strengthening market conditions that are led by rising existing-home sales and declining foreclosure activities. Foreclosure sales, down from 23 percent a year ago to 17.4 percent in August, continue to play out favorably on current price trends.
Nationwide, August home prices – based on recorded sales of non-distressed properties (existing and new homes) in the 100 largest metropolitan areas – were up at a seasonally unadjusted rate of 0.3 percent from the previous month. On a year-over-year basis, home prices rose 1.5 percent from August 2011. Year to date, home prices were up nearly 5.0 percent from January.
FNC’s RPI is the industry’s first hedonic price index built on a comprehensive database that blends public records of residential sales prices with real-time appraisals of property and neighborhood attributes. As a gauge of underlying home value, the RPI excludes sales of foreclosed homes, which are frequently sold with large price discounts reflecting poor property conditions.
All three FNC RPI composites (the National, 30-MSA, and 10-MSA indices) show similar up-trend, rising month-to-month for six consecutive months since March. There are signs that the upward momentum subsided somewhat in August, with the two broader indices up only 0.2-0.3 percent from July. On a year-over-year basis, home prices nationwide strengthened
You probably saw Monday’s JAB post about my new historic listing in Schenley Park. I’ve gotten such good feedback about it which makes me happy, reminding me there are still people who appreciate the uniqueness and charm of these “old”
Peloro Miami Beach Year Built: 2014 est. Number of Floors: 7 Number of units: 115 Sq. Ft. range: 635-2,268 Beds: 1-3 Baths: 1-3 Peloro Miami Beach Condo Amenities: – Secured Entrance – 24 hr Security – Pool – Spa –
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ONE OF A KIND – 6,000 SQFT LIVING SPACE – BRISTOL TOWER 2401-02 DESIGNED AND FURNISHED BY SAM ROBIN Click on the link for the Unbranded Virtual Tour link to send to your buyers. http://www.obeo.com/u.aspx?ID=687132 Click on the link for
Just a helpful, friendly tip for all the sellers around town: Don’t put a presidential sign in your yard when you’re trying to sell your house. Nobody needs to know your opinion, and it certainly has the potential to do
One Ocean South Beach Condos One Ocean South Beach Planned Amenities: Professionally curated contemporary art collection throughout common areas Striking ocean views of the Atlantic Ocean, Biscayne Bay, Fisher Island, South Pointe Park and city skyline Park and outdoor areas
This is no ordinary rental!
Beautifully renovated, centrally located 4br, 4ba home with 3892 sf and a view of Blue Lake. New granite Italian kitchen, nice bathrooms, 24 x 24 ceramic tile floors, high ceilings, lots of natural light and a spacious master suite with
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