March FNC Residential Price Index Up 0.5%

5/23/2012 11:26 AM EST

Year-to-Year Declines at Five-Year Lows
FNC’s latest Residential Price Index™ (RPI), released Wednesday, 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 homebuying season is underway. Despite modest declines in March home sales, home prices – based on recorded sales transactions in the nation’s 100 largest metropolitan areas – enjoyed a small increase from February....