Price Gains Continue to Build Up Steam Share April 14, 2014 491 Views FNC Inc. Home Prices 2014-04-14 Tory Barringer in Daily Dose, Data, Featured, Headlines, News FNC, Inc.’s Residential Price Index (RPI) once again picked up its clip in February, rising at the highest annual rate in nearly eight years, the company reported.The national index, created to gauge price movement among “normal” home sales (exclusive of distressed properties), climbed 9.1 percent year-over-year in February, bringing it back to levels last seen at the peak of the housing market in June 2006 as non-distressed sales gain market share.The two narrower composites measuring 30-city and 10-city price changes ratcheted up even higher, rising 10.7 percent and 11.5 percent yearly, respectively, with price momentum picking up in most of the country.“The momentum is expected to pick up as Spring home buying is getting into full swing, even absorbing the slack caused by the bad weather that affected much of the country,” FNC said in its monthly report.On a monthly basis, the national index rose 0.5 percent—the highest increase since November—while the 30- and 10-city composites were up 0.7 percent and 0.8 percent, respectively.Breaking down the 30-city index, Sacramento and Chicago experienced the largest one-month gains at 2.9 percent each—a full percentage point higher than the next highest gain (Nashville at 1.9 percent).While the rebound in Sacramento likely just reflects a comeback from an unexpectedly large decline the city saw in January, FNC says “home prices in Chicago are gathering momentum with February’s impressive gain following a strong January performance.”Meanwhile, prices in nine other cities—including San Diego, Orlando, and Phoenix—continue to see solid improvements.Six markets out of the 30-city composite posted negative movement: Baltimore (-0.9 percent); Denver (-0.3 percent); Minneapolis (-0.4 percent); Portland, Oregon (-0.9 percent); St. Louis (-0.4 percent); and Washington, D.C. (-0.7 percent). Prices stayed flat in San Antonio, the only city to see no change.
RelatedNew flights to Canary Islands to be launched by MonarchMonarch will launch year-round flights to Gran Canaria and Fuerteventura from a number of UK airports later this yearMonarch reveals full winter scheduleMonarch reveals full winter scheduleMonarch to launch cheap flights to SantoriniMonarch has been placed into administration and all Monarch search results have been removed from Skyscanner. You can find more information and advice here. Cheap flights carrier Monarch has launched new flights to Fuerteventura and Gran Canaria from a number of UK airports.Beginning yesterday (October 19th), two flights a week will operate to Gran Canaria from Birmingham, London Gatwick and Manchester.Elsewhere, tomorrow will see the introduction of flights to Fuerteventura from Birmingham, London Gatwick, London Luton and Manchester.Liz Savage, Monarch’s flights and holidays managing director, said the airline is “delighted” to be expanding its route network to the Canary Islands.”These will operate in addition to our existing routes to Tenerife and Lanzarote, and we have been overwhelmed with how well these new services have been received with 35,000 advanced bookings already taken,” she commented.The airline now serves a total of 15 destinations from the UK, many of which could appeal to holidaymakers looking for some winter sun.A poll by Monarch last month revealed that 70 percent of British holidaymakers were “desperately seeking” a sunshine getaway.ReturnOne wayMulti-cityFromAdd nearby airports ToAdd nearby airportsDepart14/08/2019Return21/08/2019Cabin Class & Travellers1 adult, EconomyDirect flights onlySearch flights Map