Home » NEWS » Report: 10 Cities' Home Values Appreciated

Report: 10 Cities' Home Values Appreciated

Source: FNC Inc. press release

As the mortgage market tanked, housing in these cities improved

Oxford, Miss.–As the U.S. housing market nosedived over the past decade, home prices in some cities actually improved, according to a report released this month by mortgage technology company FNC Inc.

Senior FNC economist Yanling Mayer conducted the study using FNC’s new Residential Price Index and identified the top 10 U.S. cities with the greatest annual appreciation in home prices since 2003:

  • Baltimore, 7% increase
  • Seattle, 5.7% increase
  • Washington, D.C., 4.5%
  • Los Angeles, 3.8%
  • Portland, 3.8%
  • San Antonio, 3.2%
  • New York, 3.1%
  • Nashville, 2.8%
  • St. Louis, 2.4%
  • Columbus, OH, 1.3%

FNC’s study shows that the median U.S. price appreciation (for 60 MSAs) is up 0.6% annually over the past seven years, which positions the top 10 cities all above the national average.

FNC, the company that pioneered collateral management software for the nation’s mortgage lenders and servicers, launched its Residential Price Index (RPI) in September. The index is the industry’s only hedonic model, which means it derives price trends using data from all properties within a community, not just from repeat-sale properties as other indexes do.

FNC is offering the RPI free, hoping it will be useful to banks, journalists, and government officials.


… we’d like to ask for your support. More people are reading the Mississippi Business Journal than ever before, but advertising revenues for all conventional media are falling fast. Unlike many, we do not use a pay wall, because we want to continue providing Mississippi’s most comprehensive business news each and every day. But that takes time, money and hard work. We do it because it is important to us … and equally important to you, if you value the flow of trustworthy news and information which have always kept America strong and free for more than 200 years.

If those who read our content will help fund it, we can continue to bring you the very best in news and information. Please consider joining us as a valued member, or if you prefer, make a one-time contribution.

Click for more info

About Amy McCullough

Leave a Reply

Your email address will not be published. Required fields are marked *