Cities Leading the Hot Housing Market

September 13, 2021 1:52 pm

Phoenix, Arizona, USA Downtown Skyline Aerial.The most recent edition of S&P CoreLogic Case-Shiller Home Price Index reported a 18.6% annual gain in home prices in June, up from 16.8% in May. This marks the third consecutive month of record growth across the U.S. in the 30-year history of the index. According to the report, the largest price gains in recent months were in the following markets:

  • Phoenix, AZ
  • San Diego, CA
  • Chicago, IL
  • Boston, MA
  • Charlotte, NC
  • Cleveland, OH
  • Dallas, TX
  • Denver, CO
  • Seattle, WA

A separate survey conducted by the Federal housing Finance Agency showed that home prices rose almost 5% between the first and second quarters of 2021, which adds to the 40 consecutive quarters of rising home prices. States leading these increases were Idaho, Utah, Arizona, Montana, and Rhode Island.

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