Slight decline in November home prices a blip

  • FNC’s RPI reported New York City's gain at 4.8 percent in its recent market report.
  • The RPI showed U.S. home prices were sluggish in November as the market entered a slower winter season.
  • FNC analysts warned against reading too much into the November data, as they discovered that home prices were up six percent nationwide from a year ago.
  • Gains were similar in parts of Brooklyn and Queens, according to analysis firms such as JLL and Douglas Elliman.

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Inman Connect New York | January 29 - February 1, 2019

The latest FNC Residential Price Index (RPI) shows New York City housing prices dipping a minor 0.9 percent this past November from October, but over an 11-month period — January through November 2015 — NYC housing prices rose nearly five percent.