- FLASHBACK: The Three Mile Island Accident, Yes, People Suffered
- Music professors to perform on historical instruments during free performance
- Marshall University Board of Governors to hold emergency meeting this afternoon
- Pre Christmas Live Theatricals
- Huntington man pleads guilty to federal oxycodone charge
- Restructuring Cited for Public Works Director Dismissal
- Keep Your Promises and EWG Meet with EPA on C-8 in drinking water
- Huntington Police Arrest Two on Drug Charges
- MILITARY-INDUSTRIAL COMPLEX: Defense Dept. Contracts for Dec. 22, 2014
- Marshall Athletics Ticket Office Hours Announced
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.