Phoenix home price gains now the highest in the U.S.

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By Angela Gonzales | Phoenix Business Journal

Phoenix has topped the nation in annual home price gains, according to the latest results of the S&P CoreLogic Case-Shiller Indices.

Data through December 2019 revealed year-over-year price increases of 6.5% in Phoenix — nearly double the national average — followed by 5.3% in Charlotte, North Carolina, and 5.2% in Tampa, Florida, according to the S&P CoreLogic Case-Shiller US National Home Price NSA Index.

The national average was 3.5% in December, up 3.5% in the previous month, said Craig J. Lazzara, managing director and global head of Index Investment Strategy at S&P Dow Jones Indices.

“This marks eight consecutive years of increasing housing prices — an increase which is echoed in our 10- and 20-city composites,” Lazzara said in a prepared statement when announcing the latest results on Feb. 25.

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