Valley’s home price increase nearly twice as high as rest of nation

By Angela Gonzales | Phoenix Business Journal

At a time when existing home inventory is near an all-time low, Phoenix home prices continue to rise — and homebuilders simply can’t keep up with demand.

Once again, Phoenix topped the nation in home price growth, with year-over-year price increases of 9.9% in August, according to the S&P CoreLogic Case-Shiller U.S. National Home Price NSA Index released Tuesday. That compares with a 5.7% annual gain in August nationwide, up from 4.8% the previous month.

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