Home prices are rising in Arizona and nationally, and that's not going to change until there's more supply, according to a report out today.
CoreLogic’s Home Price Index report for May shows home prices increased nationally 7.1 percent year-over-year and 1.1 percent month-over-month.
However, consumers still want to buy despite high prices.
In Arizona, home prices increased 7.4 percent year-over-year. CoreLogic expects to report a 0.3 percent month-over-month increase for June.
