Sept. 1, 2021
Homes in some of the largest U.S. cities just keep getting more expensive. In Phoenix alone, an index that measures home prices climbed a whopping 29.3% in June from the previous year, as more people move to the city, many of them workers who can do jobs remotely and who picked a lower-cost city to make their home base, said George Hammond, director of the Economic and Business Research Center at the University of Arizona's Eller College of Management. "Arizona is an attractive place for migrants given the climate and cost of living," he said.