FNC: Residential Property Values increased 5.4% year-over-year in July

In addition to Case-Shiller, and CoreLogic, I'm also watching the FNC, Zillow and several other house price indexes.

FNC released their July 2016 index data.  FNC reported that their Residential Price Index™ (RPI) indicates that U.S. residential property values increased 0.8% from June to July (Composite 100 index, not seasonally adjusted). 

The 10 city MSA increased 0.8% (NSA), the 20-MSA RPI increased 0.8%, and the 30-MSA RPI also increased 0.8% in July. These indexes are not seasonally adjusted (NSA), and are for non-distressed home sales (excluding foreclosure auction sales, REO sales, and short sales).

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 10.0% 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 July 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 July Case-Shiller index will be released on Tuesday, September 27th.

from Calculated Risk http://ift.tt/2crdeGw
via YQ Matrix