Valley home prices still on rise; outpace national average in August

Phoenix Business Journal


Phoenix Business Journal

Valley home prices continued their rise during the summer, easily outpacing national averages in August, according to the latest CoreLogic price report.

The region saw a 7.43 percent price increase compared with August 2017, pushing the region into an “overvalued” ranking from CoreLogic.

Despite the increasing prices, home values still are roughly 11 percent below the peak value in 2006, the report stated.

Nationally, home prices rose 5.5 percent year over year, which actually represents a slowdown from previous months as the lack of affordable housing nationally and higher interest rates means fewer homes are selling.


Share this!

Additional Articles

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.

News Categories