The most recent home price index released Tuesday shows that metro Phoenix nose-dived to 12th place in the nation, showing a 6.3% year over year home price growth rate in November.
Miami, Tampa and Atlanta took the top spots in year-over-year price percentage gains, with price increases of 18.4%, 16.9% and 12.7% respectively.Steven Hensley"Despite lower prices, affordability remains a challenge in Phoenix and we expect home prices to continue falling in the short term," he said., it appears that some buyers are re-entering the market with mortgage rates in the low 6% [range], down a bit from the low 7% range last fall, he said.
We have summarized this news so that you can read it quickly. If you are interested in the news, you can read the full text here. Read more:
Canada Canada Latest News, Canada Canada Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
Honeywell Aerospace (HON) to test sustainable fuels in Phoenix - Phoenix Business JournalHoneywell said it received its first delivery of sustainable aviation fuel and will be using it in support development and production testing for auxiliary power units and propulsion engines.
Source: phxbizjournal - 🏆 254. / 63 Read more »
Arizona Cardinals begin front office rebuild with new GM Monti Ossenfort - Phoenix Business JournalMonti Ossenfort, the Arizona Cardinals' new general manager, faces some major decisions about the future of the team, which is coming off of a disastrous 4-13 season. But he's wasted no time getting down to business.
Source: phxbizjournal - 🏆 254. / 63 Read more »
Lucid stock soars 43% on Saudi takeover rumor LCID - Phoenix Business JournalThe California company's shares saw their biggest one day gain on record based on a rumor that Saudi Arabia's Public Investment Fund wants to buy out the electric vehicle maker that has its manufacturing plant in Arizona.
Source: phxbizjournal - 🏆 254. / 63 Read more »
See the top 10 vehicles sold at 2023 Barrett-Jackson on Saturday - Phoenix Business JournalFour automobiles sold for more than $1 million on Saturday at Barrett-Jackson's 2023 Scottsdale Auction, and one of them went for well over $2 million. Here's a look at the highlights from the big day.
Source: phxbizjournal - 🏆 254. / 63 Read more »
Vacation rental owners prep for Super Bowl LVII - Phoenix Business JournalClick through to see images of one residence that the owner hopes to rent out for thousands of dollars a night during Super Bowl week. phoenix scottsdale superbowl
Source: phxbizjournal - 🏆 254. / 63 Read more »