Valley Home Price Gains Again Rank First In Nation...

Valley home price gains again rank first in nation, from the Arizona Republic, reports that the National Association of Realtors reported on Monday that metro Phoenix led the nation in home price gains in the past year, posting a 34 percent increase between the first quarter 2005 and the first quarter 2006. Nationally, the rate was 10.3 percent. Metro Phoenix's price growth was fueled by record increases during the first half of last year. During the last quarter of 2005 and the first quarter of 2006 combined, Valley home prices climbed less than 1 percent. Valley home prices aren't expected to jump again soon. During the first four months of this year, existing home sales were down 34 percent from last year's record pace, and the number of homes on the market hit a high of 38,000 in April.



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