Phoenix Home Prices Up Over 32% YoY


Supporting the vicious cycle of soaring home prices pushing homebuyer confidence to record lows, July Case-Shiller Housing data (the latest available) showed yet another record pace of increase in home prices.

The broad HPI rose 19.70% YoY (a record) and the 20-City Composite rose 19.95% YoY (yet another record high)…the 14th straight month of accelerating price increases.