By Adam Kress
Phoenix Business Journal
Phoenix-area home prices in July were up 19.9 percent from a year earlier, easily the largest percentage gain among major U.S. cities, according to a CoreLogic report released today.
Arizona was also the leader by far among the states in July home price gains, with a 16.6 percent increase from July 2011.
The national average gain, according to CoreLogic, was 3.8 percent during that time — the largest year-over-year increase since August 2006.
On a month-to-month basis, including distressed sales, Phoenix-area home prices were up 2.1 percent from June to July. Nationwide, the average increase was 1.3 percent for that period.
