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- OP-ED: On 'Real Women': Don't Hate Me -- It's Genetic
- BOOK NOTES: 'Beliefs Beyond Belief: Examining Improbable Ideas': Skepticism and its Role in Believing
- OP-ED: Lee Kuan-Yew’s Caribbean rescue in the Commonwealth
- CIVIL WAR OP-ED: Saint Patrick’s Day Tribute to General Patrick Cleburne—The Fighting Irishman
- CIVIL WAR OP-ED: Confederate Memorial Day in the South
- CARIBBEAN VIEW: US and Venezuela: Don’t fan the flames, put out the fire
- Tri-State Comic Con Expands Amazing Guest List
- Mark Clarke Named Wildlife Manager of the Year
- Joey Logano pulls out wild overtime win in Martinsville Truck race
FNC Index: Home Prices of Normal Sales Up 0.3% in December, Outperforming Overall Market
The index, constructed to gauge price movement among normal home sales exclusive of distressed properties, was up 0.3% in December—outperforming the overall price movement in the single-family housing market. Unlike overall price measures that include distressed sales (which recently have shown signs of weakening), home prices of normal sales have been rising at steady and sustainable levels—about 0.3-0.5% per month.
Based on recorded sales of normal, non-distressed properties (existing and new homes) in the 100 largest metropolitan areas, the FNC national composite index shows that, in December, home prices rose at a seasonally unadjusted rate of 0.3% .
On a quarterly basis, home prices were up 1.3% in the fourth quarter.