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April 16, 2015

FNC Index: Home Prices Up 0.6% in February -- Key Markets Show Strongest Unseasonable Gains since February 2014

U.S. home prices have recently enjoyed a modest to strong rebound, rising by an average of 0.6% nationwide, according to FNC’s Residential Price Index™ (RPI), released this week. This increase in home prices marks a sharp reversal in the downward spiral of price trends over the past five to six months.

In terms of seasonal performance, February realized the strongest unseasonable gains since February 2014 in many of the nation’s key housing markets. Home sales have likely increased due to the rising availability of high-leverage loans and to continued record low interest rates.

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