Case-Shiller: Phoenix home prices up but still lag US average, other Western cities

Courtesy of Mike Sunnucks Senior Reporter Phoenix Business Journal  Phoenix home prices are up for a seventh straight month compared to year earlier, according to the much-watched Standard & Poor’s/Case-Shiller Home Price Index. Phoenix’s growth rate in the most recent Case-Shiller report is 4.1 percent compared to a year earlier. That is below the national average of

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Demand, rents up for single-family homes in Phoenix

Courtesy of Mike Sunnucks Senior Reporter Phoenix Business Journal Demand for rental homes remains strong in the Phoenix area. Monthly rents are up and the supply of rental homes is down across metro Phoenix, according to Arizona State University economist and housing expert Michael Orr. Orr, director of ASU’s Center for Real Estate Theory and Practice, said the

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