OXFORD, MS -- (Marketwire) -- 10/28/10 -- It's the most hotly debated question in the midterm elections: did the stimulus work?Economists at FNC Inc., trail-blazing creator of lender appraisal platforms, investigated the impact of one element of the stimulus, the First Time Home Buyer's Tax Credit. They used a unique research tool, FNC's new Residential Price Index : http://www.fncresidentialpriceindex.com/ (RPI). The RPI combines public records with private filings lender clients have shared with FNC. In addition to public record data, the RPI is unique in containing 78 million appraisal records -- data that no other index includes.
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