FNC released their February 2016 index data. FNC reported that their Residential Price Index™ (RPI) indicates that U.S. residential property values increased 0.1% from January to February (Composite 100 index, not seasonally adjusted).
The 10 city MSA increased 0.1% (NSA), the 20-MSA RPI increased 0.2%, and the 30-MSA RPI increased 0.2% in February. These indexes are not seasonally adjusted (NSA), and are for non-distressed home sales (excluding foreclosure auction sales, REO sales, and short sales).
From FNC: FNC Index: February Home Prices Up 0.1%
The latest FNC Residential Price Index™ (RPI) indicated U.S. home prices moved slightly higher in February after dropping unexpectedly in January. Not adjusting for seasonality, February home prices were up 0.1%. On a yearover-year basis, prices continue to climb at a moderate pace, up 5.7% from a year ago.Notes: In addition to the composite indexes, FNC presents price indexes for 30 MSAs. FNC also provides seasonally adjusted data.
The index is still down 14.2% from the peak in 2006 (not inflation adjusted).
Click on graph for larger image.
This graph shows the year-over-year change based on the FNC index (four composites) through February 2016. The FNC indexes are hedonic price indexes using a blend of sold homes and real-time appraisals.
Most of the other indexes are also showing the year-over-year change in the mid single digit range.
Note: The February Case-Shiller index will be released on Tuesday, April 26th.
from Calculated Risk http://ift.tt/1Vqwbac
via YQ Matrix
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