Metro Tampa home prices rose 4.9 percent in the past year, the second-highest among major U.S. cities, the S&P CoreLogic Case-Shiller Index reported.

Phoenix retained the top spot for the fifth consecutive month with a 5.8 percent year-over-year gain. The Southeast region was also strong, as Tampa, Charlotte, North Carolina and Atlanta all rose by more than 4 percent. Atlanta’s home prices were up 4.2 percent year-over-year, and Charlotte’s 4.8 percent. Miami saw a year-over-year gain of 3.3 percent.

That was nearly twice the national average. The 20-City Composite posted a 2.2 percent year-over-year gain, according to the S&P CoreLogic Case-Shiller Indices. The numbers are based on October data.

Source: Tampa Bay Business Journal – By David Allison