FNC's Residential Price Index indicates that U.S. residential property values ran relatively flat month to month, and are about 6% higher than year-earlier values.

Calculated Risk poster Bill McBride covers FNC's Residential Price Index, and his analysis of the latest data release reveals flattening price growth trends, with year-on-year growth of 6%. 

Slowing price growth is the gist, but another McBride observation is that the index remains 14.5% below the 2006 peak (not inflation adjusted), which suggests more price and value headroom. He writes: 

Most of the other indexes are also showing the year-over-year change in the mid single digit range.

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