Valley's Resale Home Price Increases Top The U.S.

The Phoenix Business Journal reports on the National Association Of Realtors (NAR) housing study and the fact that metro Phoenix led the nation in median resale price increases. The article also states that the Tucson median price rose 30% and is now at $228,500. The NAR report also states that 67 metro areas showed double-digit percentage price increases in the median resale price of homes. More...

The article states that the shortage of housing inventory is what is driving the price gains.