December 26, 2024 2:08 am
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Why it’s not quite a homebuyer’s market yet in Phoenix

Only Las Vegas saw higher growth than the Valley

By Angela Gonzales | Phoenix Business Journal

While some West Coast cities are beginning to show signs of a buyer’s market, Phoenix isn’t anywhere close.

Demand for homes in Phoenix is still outstripping supply, meaning that the region continues to see fast-rising home prices.

According to the latest S&P CoreLogic Case-Shiller National Home Price Index, Phoenix continues to outpace most of the nation in home price increases, showing a 6.7% bump between February 2018 and February of this year. Las Vegas, at 9.7%, is the only U.S. market with faster home-price growth.

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Rose Law Group Reporter, which provides Dealmaker’s content and service, is contracted by Rose Law Group. Rose Law Group is a full service real estate and business Law Firm practicing in the areas of land use/entitlements, real estate transactions, real estate due diligence/project management, special districts, tax law, water law, business litigation, corporate formation, intellectual property, asset protection, data breach/privacy law, ADA compliance, estate planning, family law, cyber-law, online reputation and defamation, lobbying, energy and renewable energy, tax credits/financing, employment law, Native American law, equine law, DUIs, and medical marijuana, among others. The views expressed above are not necessarily those of Rose Law Group pc or its associates and are in no way legal advice. This blog should be used for informational purposes only. It does not create an attorney-client relationship with any reader and should not be construed as legal advice. If you need legal advice, please contact an attorney in your community who can assess the specifics of your situation.