{"id":1793,"date":"2018-07-17T09:08:52","date_gmt":"2018-07-17T09:08:52","guid":{"rendered":"http:\/\/www.gentryrealestategroup.com\/buylowazteam\/?p=1793"},"modified":"2018-07-17T09:15:45","modified_gmt":"2018-07-17T09:15:45","slug":"phoenix-rising-home-prices","status":"publish","type":"post","link":"https:\/\/gentryrealestategroup.com\/buylowazteam\/phoenix-rising-home-prices\/","title":{"rendered":"Phoenix rising home prices fueled by low inventory in high demand market"},"content":{"rendered":"

Low inventory in high demand residential real estate markets is fueling rising home prices in Phoenix and across Arizona, a trend that won’t shift as long as demand\u00a0exceeds supply according to a new report from CoreLogic’s Home Pricing Index.<\/span><\/p>\n

\"Phoenix<\/a>

CoreLogic National Home Price Index (Graphic: Business Wire)<\/span><\/p><\/div>\n

In its latest report, the Irvine, California-based global property information, analytics, and data provider that serves real estate markets, capital markets, and the public sector finds that Arizona home prices increased 7.4 percent year-over-year, and forecasts a 0.3 percent month-over-month increase for June.<\/span><\/p>\n

Despite rising residential home prices, consumer demand remains high.<\/span><\/p>\n

Across the U.S., CoreLogic\u2019s Home Price Index report for May shows that home prices increased nationally 7.1 percent year-over-year and 1.1 percent month-over-month.<\/span><\/p>\n

CoreLogic President and CEO Frank Martell stated in a press release<\/a> that across the U.S., 28 percent of renters are looking to buy a home, while only 11 percent of homeowners are willing to sell. Until supply catches up with demand, Martell says, prices will continue to rise.<\/span><\/p>\n

Core Logic projects that by May 2019 home prices will increase by 5.1 percent.<\/span><\/p>\n

\"Equal<\/a><\/p>\n

Phoenix rising home prices<\/span><\/p>\n

 <\/p>\n","protected":false},"excerpt":{"rendered":"

Low inventory in high demand residential real estate markets is fueling rising home prices in Phoenix and across Arizona, a trend that won’t shift as long as demand\u00a0exceeds supply according to a new report from CoreLogic’s Home Pricing Index. In its latest report, the Irvine, California-based global property information, analytics, and data provider that serves […]<\/p>\n","protected":false},"author":78,"featured_media":1798,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"_monsterinsights_skip_tracking":false,"_monsterinsights_sitenote_active":false,"_monsterinsights_sitenote_note":"","_monsterinsights_sitenote_category":0,"footnotes":""},"categories":[3,4],"tags":[15,80,74,20],"class_list":["post-1793","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-blog","category-social-media-post","tag-arizona-real-estate","tag-arizona-real-estate-trustee-aucions","tag-arizona-residential-real-estate-investing","tag-phoenix-real-estate"],"acf":[],"yoast_head":"\nPhoenix rising home prices fueled by low inventory<\/title>\n<meta name=\"description\" content=\"Phoenix rising home prices fueled by low inventory\" 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