/Home Prices Spiked 19% in the Last Year

Home Prices Spiked 19% in the Last Year

Home prices have risen 19 percent from last year, according to the S&P CoreLogic Case-Shiller 20-city home price index.

In September, the price of homes was up 19.1 percent compared to Sept. 2020, according to the index, The Associated Press reported.

Prices rose significantly in all 20 cities included in the index over that period. The biggest increase was in Phoenix, at 33.1 percent.

Cities in Florida also saw substantial gains, with housing prices in Tampa increasing by 27.7 percent and in Miami by 25.2 percent.

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