Wednesday, October 28, 2020 11:05 am

Strong purchase demand continues to fuel Valley home price growth

By Angela Gonzales | Phoenix Business Journal

Metro Phoenix continues to top the nation with monthly home price gains with another percentage increase over 9%, according to the latest CoreLogic Home Price Index report issued Tuesday.

The Valley recorded 12-month annual home price growth of 9.1% in July, meaning the region is continuing to see relatively stronger home price growth compared with other larger metro areas, said Selma Hepp, chief economist for California-based CoreLogic Inc. (NYSE: CLGX)
Metro Phoenix still ranks as the highest percentage growth among the top 10 largest U.S. metro markets, she said.

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