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April 15, 2016
FNC Index: February Home Prices Up 0.1% - Yearly Growth at 12-Month Highs in Nashville but 12-Month Lows in Boston
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 year-over-year basis, prices continue to climb at a moderate pace, up 5.7% from a year ago.
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