Released February 16, the FNC Residential Price Index reported that home prices in December posted a modest monthly increase at the close of the year.
Nationwide, home prices in December 2015 represented a 0.4 percent uptick from the seasonally adjusted rate in November and a 6.2 percent increase on an annual basis.
National home prices increased 6 percent annually in the fourth quarter of 2015.
“Riding on a robust pace of home sales and new housing starts, home prices in 2015 finished strong with year-over-year growth at a 15-month high since October 2014. If judging on a seasonal basis, December’s month-over-month increase outpaced the same period of the past three years,” said Yanling Mayer, FNC’s housing economist and director of research, in a statement.
Some surprising metros saw the highest month-over-month gains.
- Baltimore, increase of 2.6 percent
- St. Louis, increase of 2.6 percent
- Las Vegas, increase of 2.1 percent
- Portland, increase of 2 percent
- Houston, increase of 1.7 percent
In December 2015, some cities posted year-over-year gains in the double digits:

- Portland, increase of 14.2 percent
- Denver, increase of 13 percent
- San Francisco, increase of 12.6 percent
- Las Vegas, increase of 11.9 percent
- Miami, increase of 11.5 percent
- Sacramento, increase of 11.5 percent
- Phoenix, increase of 11.2 percent
- Cincinnati, increase of 10.1 percent
In Los Angeles, home prices increased 0.3 percent on a monthly basis in December 2015. Annually, Los Angeles prices rose 7.2 percent.
Nearby Riverside had a slightly better presence on the FNC Index. The metro had a 0.7 percent monthly increase and 7.3 percent annual uptick.
Comments
Related Articles
Homebuyers and renters throughout the nation are changing their must-have lists to include more facets of the neighborhood in which they want to live. From walkability to nearby amenities, the neighborhood checklist stretches much longer than school ratings.
In eight of the nine Bay Area counties home buyers must earn more than $100,000 annually to qualify for the purchase of a median-priced, single-family home. In eight of the nine Bay Area counties, homebuyers must earn more than $100,000 annually to qualify for the purchase of a median-priced, single-family home.
Starbucks isn’t only the place to pick up your daily triple nonfat latte with a drizzle of caramel and extra foam on the side — it’s also a great place to find leads.
Quicken Loans released its Home Price Perception Index (HPPI) for January, finding that the range between expectations and actual appraisal values is getting smaller. On February 9, the retail mortgage lender announced average home appraisal values in January were 1.75 percent lower than homeowners’ expectations.