Amid another record-setting price hike, homebuying demand spikes in several Valley cities

By Angela Gonzales | Phoenix Business Journal

With Phoenix home price growth topping the nation for the 30th consecutive month, experts now expect home sales growth and appreciation to ease by the end of 2022.

According to the latest S&P CoreLogic Case-Shiller Indices released Tuesday, Phoenix showed a year-over-year home price increase in November of 32.2%, followed by Tampa, at 29% and Miami, at 26.6%. The national home price index dropped to 18.8% in November, from 19% in the previous month.

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