Here’s how much home price growth in metro Phoenix is slowing

By Angela Gonzales | Phoenix Business Journal

Home price growth in metro Phoenix is sinking like a lead balloon.

For nearly three years, Phoenix had led the nation in home price growth until March, when the metro dropped into second place. It’s been on a steady decline since then, dropping to No. 7 on the S&P CoreLogic Case-Shiller U.S. National Home Price NSA Index released on Oct. 25.

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