News headlines recently have wondered whether housing market really have firm footholds in recovery. Only time will tell for sure, but markets across the country, including the Phoenix real estate market, continue to show signs of increasing strength. According to the widely used S&P/Case-Shiller Home Price Index, last released on January 26), housing prices – in Phoenix and around the country – continue to improve.
Some highlights from the report:
- Month-over-month housing prices rose in the Phoenix real estate market for the 6th straight month.
- Comparing to a year earlier, Phoenix home prices are still down, but those declines continue to shrink as housing prices rise month-to-month.
- Nationally, in 4 of Case-Shiller’s 20 markets, home prices actually rose compared to a year earlier.
To see charts and tables, and read more in-depth highlights, check out my Phoenix Real Estate Blog: Phoenix Home Prices Up for 6th Straight Month.
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