The average U.S. home price increased by 3.5 percent in the second quarter of 2015 when compared to the first quarter.
During the second quarter, 12 metro areas experienced overall price growth of 4 percent or more.
Only one market out of the 30 analyzed by FNC witnessed quarter-over-quarter depreciation: Baltimore.
Spanning April to June, the average U.S. home price increased by 3.5 percent when compared to the first quarter of this year.
According to the latest FNC Residential Price Index (RPI), the second quarter of this year marks the strongest seasonal price momentum since spring 2005.
“It outpaced the same period in 2013 when the housing market was rebounding very strongly,” said Bob Dorsey, FNC’s chief data and analytics officer.