Metro Phoenix home prices back on the rise as builders make the most of strange market conditions

Indonesia Berita Berita

Metro Phoenix home prices back on the rise as builders make the most of strange market conditions
Indonesia Berita Terbaru,Indonesia Berita utama

Metro Phoenix is recovering from home price declines over the past year, as prices are on the rise again.

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While home prices were down 6.6% year-over-year in July, prices are inching back up, with a 0.9% increase from June to July and 1.

1% from May to June, according to the S&P CoreLogic Case-Shiller Index released Sept. 26.Nationwide, lower-priced homes are seeing stronger recovery, given the lack of affordable inventory and more demand pressure put on that segment, said Selma Hepp, chief economist for CoreLogic.

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