Unprecedented demand pushes Valley home prices through the roof

By Angela Gonzales | Phoenix Business Journal

Once again, Phoenix has reported the highest year-over-year gains in home price growth, well ahead of other key U.S. cities.

With a 9% year-over-year gain in May among 19 cities measured by the S&P CoreLogic Case-Shiller U.S. National Home Price NSA Index, Phoenix was followed by Seattle, at 6.8% and Tampa, Florida, at 6% growth. The national average was a 4.5% annual gain, down from 4.6% in the previous month.

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