US Cities See Housing Prices Soar By 18.4% In October – By Nicholas Morgan (IB Times) / December 28, 2021
Housing prices in the largest U.S. cities rose by 18.4% in October from a year earlier, continuing the market’s boom since the start of the COVID-19 pandemic.
The S&P CoreLogic Case-Shiller 20-city home price index released on Tuesday showed the October rise was lower than the 19.1% gain seen in September’s reading.
Of the cities examined, Phoenix saw the highest growth with a 32.3% increase in prices, followed by Tampa and Miami at 28.1% and 25.7%, respectively.
Every region across the U.S. saw double-digit increases, but the lowest were recorded in the Midwest with Chicago and Minneapolis only experiencing an 11.5% increase in prices.
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