Tag Archives: 7 Housing Markets That Are Roaring Back

The latest FNC Residential Price Index, an index created for the mortgage industry, recorded a 28-month high for home prices in February, the most recent data available. The index increased 6.1 percent — the fastest rate it’s grown since July 2006. The index shows the strongest price momentum is occurring in Phoenix, where prices have surged nearly 30 percent in the past year. “The city’s rapid price climb is attributable to active investment purchase of distressed properties that has pushed up overall home prices,” according to FNC. Many of the […]