Mississippi Business Journal » home prices

Index: Property values continued their rebound into 2013

MBJ Staff — Fri, 15 Mar 2013 16:25:07 +0000

OXFORD – The latest FNC Residential Price Index (RPI) indicates that U.S. property values continued to recover through January — the 11th consecutive month of rising prices. Despite the uneven pace of price gains across different geographical markets, there are clear signs that the housing recovery is increasingly widespread, according to the Oxford-based mortgage technology [...]

The post Index: Property values continued their rebound into 2013 appeared first on Mississippi Business Journal.

FNC index shows U.S. home prices up for first time since last July

MBJ Staff — Wed, 23 May 2012 17:04:56 +0000

OXFORD — FNC’s latest Residential Price Index (RPI) indicates that U.S. residential property values are up for the first time since July 2011, providing more evidence that the housing market is rebounding as the spring home-buying season is underway. Despite modest declines in March home sales, home prices — based on recorded sales transactions in [...]

The post FNC index shows U.S. home prices up for first time since last July appeared first on Mississippi Business Journal.

FNC Inc. index finds U.S. home prices still weakening

MBJ Staff — Mon, 30 Apr 2012 20:17:46 +0000

OXFORD — FNC’s latest Residential Price Index (RPI) indicates that U.S. residential property values continued to show signs of persistent weakening, ending in February with a seventh consecutive month-to-month decline. Despite sharply rising activities in existing home sales and new housing starts from a year ago, prices on non-distressed home sales (excluding foreclosure auction sales, [...]

The post FNC Inc. index finds U.S. home prices still weakening appeared first on Mississippi Business Journal.

FNC index finds U.S. home prices declined in last half of 2011

MBJ Staff — Wed, 04 Apr 2012 20:10:53 +0000

OXFORD — The latest FNC Residential Price Index (RPI) indicates that U.S. home prices declined steadily in the last half of 2011. Since July 2011, prices on non-distressed properties (excluding foreclosure sales, REO sales, and short sales) have fallen 4.5 percent — averaging nearly 1.0 percent per month. The persistent downtrends in home prices are [...]

The post FNC index finds U.S. home prices declined in last half of 2011 appeared first on Mississippi Business Journal.

FNC index: Home prices continue to fall

MBJ Staff — Thu, 26 Jan 2012 13:51:24 +0000

OXFORD — FNC’s latest Residential Price Index (RPI) indicates that U.S. home prices continued to decline despite recent signs of job recovery and rising home sales and new residential construction. The continued price retreat is no surprise as the housing market remains constrained by high volumes of delinquent mortgages and foreclosures. November marks the fourth [...]

The post FNC index: Home prices continue to fall appeared first on Mississippi Business Journal.

Home sales, prices up on Coast compared to 2010

Associated Press — Tue, 24 Jan 2012 17:50:27 +0000

MISSISSIPPI GULF COAST — Mississippi Gulf Coast home sales finished 2011 on an upswing, with average sales prices up $8,000 in December and more homes sold than at the end of 2010. The Mississippi Gulf Multiple Listing Service report showed the average sales price of a home in South Mississippi was $124,694 in December. That [...]

The post Home sales, prices up on Coast compared to 2010 appeared first on Mississippi Business Journal.

FNC: U.S. home prices fell despite strong sales

MBJ Staff — Sun, 23 Oct 2011 22:31:05 +0000

OXFORD — FNC Inc.’s latest Residential Price Index indicates U.S. home prices declined in August despite strong existing home sales during the month. This decline reverses a modest fourth-month long seasonal uptrend. Amid weak economic fundamentals, home prices — as well as a number of key leading housing indicators including new housing starts and building [...]

The post FNC: U.S. home prices fell despite strong sales appeared first on Mississippi Business Journal.

Home sales up, prices down in South Mississippi

Associated Press — Tue, 18 Oct 2011 18:28:28 +0000

SOUTH MISSISSIPPI — The pace of home sales in South Mississippi is up for the first nine months of 2011 but the average price is not. From January through September, 267 more homes were sold than for the same period last year. The Sun Herald reports those who sold their homes this year received an [...]

The post Home sales up, prices down in South Mississippi appeared first on Mississippi Business Journal.

FNC: Home prices fell, but not as far as expected

For the MBJ — Mon, 25 Apr 2011 14:55:13 +0000

OXFORD — FNC announced that U.S. home prices weakened only slightly in February, a better-than-expected price seasonality. Based on the latest data on non-distressed home sales (existing and new homes), FNC’s Residential Price Index (RPI) indicated that home prices in February declined 0.7 percent from January, or 5.3 percent, from a year ago. Contrary to [...]

The post FNC: Home prices fell, but not as far as expected appeared first on Mississippi Business Journal.

FNC index: Home prices continue to fall

Wally Northway — Tue, 22 Feb 2011 14:25:50 +0000

OXFORD — Despite recent upbeat data on new and existing home sales, U.S. home prices continued to decline in December due in part to increased sales of foreclosed properties, according to the FNC Residential Price Index (RPI). RPI is a product of Oxford-based FNC Inc. Driven in part by rising sales of distressed properties and [...]

The post FNC index: Home prices continue to fall appeared first on Mississippi Business Journal.