Valley home prices still gaining, CoreLogic report says – Phoenix Business Journal

"The best antidote for rising home prices is additional supply," says Dr. Frank Nothaft, chief economist for CoreLogic. "New construction has failed to keep up with and meet new housing growth or replace existing inventory. More construction of for-sale and rental housing will alleviate housing cost pressures."

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WASHINGTON (AP) – U.S. home price gains slowed for the 13th straight month in April, evidence that weaker demand is keeping prices in check even as mortgage rates fall. The S&P CoreLogic Case.

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Home prices continue to accelerate in metro Phoenix Phoenix Business Journal. Phoenix still remains above the national average in home price growth according to the latest CoreLogic data.

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