Nondistressed home prices fall for 7th straight month

12 of 30 major metro areas post monthly increases

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A rising share of distressed home sales pushed down prices on nondistressed homes for the seventh month in a row in February, according to a price index from FNC, a provider of real estate collateral management software.

FNC’s Residential Price Index (RPI) is a "hedonic" index based on data collected from public records and combined with appraisal data that includes information on a property’s physical condition and neighborhood attributes.