Real Estate
Phoenix Is Top Performing Home Market During COVID-19 Pandemic
Despite economic concerns caused by COVID-19, home prices continued to increase in Phoenix in March.
PHOENIX — Arizona's capital city experienced the largest jump in home prices in March, according to data from S&P CoreLogic Case-Shiller, reports MarketWatch.
They report that Phoenix had an 8.2 percent annual price gain in March. Seattle came in second place with an annual rate of home-price appreciation of 6.9 percent.
The report collected data from 19 cities across America. Even though many experts believe it is too soon to solidify the impact of COVID-19 on the housing market, the report describes housing prices as "remarkably stable" despite the looming pandemic. April's data, once it's available, will likely paint a clearer portrait of the state of real estate since the Coronavirus outbreak.
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Read the full story at marketwatch.com.
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