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OXFORD, MS-Local mortgage technology company FNC Inc. released figures this weekend pointing to favorable developments in the housing sector including declining foreclosure activity and rising home sales. All of this, combined with improved liquidity, has sparked a climb in US property values.

FNC’s latest Residential Price Index (RPI) shows that, based on recorded sales of non-distressed properties in the 100 largest MSAs, home prices nationally were up 0.4% in October. This figure represents the eighth consecutive month during which prices were on the rise which, in turn, led to a total YTD appreciation rate of 5.1%. Furthermore, foreclosures as a percentage of total home sales were 17.6% in October, a definite decline from 26.7% at the beginning of the year and 23.5% year over year.

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