Real Estate
Home Prices in Three U.S. Cities Have Jumped 25% or More in a Year
Demand for more space and a limited supply of homes are fueling the biggest price increase in three decades.
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Homes in some of the largest U.S. cities just keep getting more expensive.
In Phoenix alone, an index that measures home prices climbed a whopping 29.3% in June from the previous year, as more people move to the city. The measure in San Diego rose 27.1%, while Seattle increased 25%. The index in nine cities jumped 20% or more.