Home price index shows Phoenix lagging

Phoenix home index

Phoenix home indexThe newest research from Standard & Poor’s/Case-Shiller Home Price Index was released yesterday and the numbers in Phoenix aren’t as high as the other cities the study tracks.

The index measures the value of residential real estate nationally and in 20 major U.S. metropolitan areas, including Phoenix.

The Phoenix Business Journal reported results show Phoenix home prices up 2.9 percent in February compared to a year ago,  which is not as virile as the price gains seen in other Western cities such as Denver, which saw a 10 percent year-over-year gain.

However, from a national perspective, Bloomberg reported that home prices climbed at a faster pace than forecast in the year ended February.

The S&P/Case-Shiller U.S. National Home Price Index is a composite of single-family home price indices for the nine U.S. Census divisions and is calculated monthly.

To read the Business Journal report, click here.

For a more national perspective, click here.

Share this!

Additional Articles

News Categories

Get Our Twice Weekly Newsletter!

* indicates required

Rose Law Group pc values “outrageous client service.” We pride ourselves on hyper-responsiveness to our clients’ needs and an extraordinary record of success in achieving our clients’ goals. We know we get results and our list of outstanding clients speaks to the quality of our work.