In addition to Case-Shiller, CoreLogic, I'm also watching the FNC, Zillow and several other house price indexes.
FNC released their December index data today. FNC reported that their Residential Price Index™ (RPI) indicates that U.S. residential property values increased 0.3% from November to December (Composite 100 index, not seasonally adjusted). The other RPIs (10-MSA, 20-MSA, 30-MSA) increased between 0.4% and 0.5% in December. These indexes are not seasonally adjusted (NSA), and are for non-distressed home sales (excluding foreclosure auction sales, REO sales, and short sales).
Since these indexes are NSA, this is a strong month-to-month increase.
The year-over-year change continued to increase in December, with the 100-MSA composite up 8.7% compared to December 2012.
Click on graph for larger image.
This graph shows the year-over-year change based on the FNC index (four composites) through December 2012. The FNC indexes are hedonic price indexes using a blend of sold homes and real-time appraisals.
There is still no clear evidence of a slowdown in price increases yet.
The December Case-Shiller index will be released on Tuesday, February 25th.
via:http://www.calculatedriskblog.com/2014/02/fnc-residential-property-values.html?utm_source=feedburner&utm_medium=feed&utm_campaign=Feed%3A+CalculatedRisk+%28Calculated+Risk%29
FNC released their December index data today. FNC reported that their Residential Price Index™ (RPI) indicates that U.S. residential property values increased 0.3% from November to December (Composite 100 index, not seasonally adjusted). The other RPIs (10-MSA, 20-MSA, 30-MSA) increased between 0.4% and 0.5% in December. These indexes are not seasonally adjusted (NSA), and are for non-distressed home sales (excluding foreclosure auction sales, REO sales, and short sales).
Since these indexes are NSA, this is a strong month-to-month increase.
The year-over-year change continued to increase in December, with the 100-MSA composite up 8.7% compared to December 2012.
Click on graph for larger image.This graph shows the year-over-year change based on the FNC index (four composites) through December 2012. The FNC indexes are hedonic price indexes using a blend of sold homes and real-time appraisals.
There is still no clear evidence of a slowdown in price increases yet.
The December Case-Shiller index will be released on Tuesday, February 25th.
via:http://www.calculatedriskblog.com/2014/02/fnc-residential-property-values.html?utm_source=feedburner&utm_medium=feed&utm_campaign=Feed%3A+CalculatedRisk+%28Calculated+Risk%29
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