Phoenix Home Prices Likely to Continue Rise

Phoenix Home Prices Likely to Continue RiseBy all accounts the Phoenix housing market is showing signs of stability and recovery as the value of a typical single-family home continues to rise.

Median single-family home prices — the metric of normalcy in any metropolitan housing market — in the Phoenix area grew more than 25 percent reaching an average of $157,000 toward the end of 2012, a December Arizona State University housing report states.

Experts say the housing recovery is steady with investors still having a healthy appetite for rentable properties while first-time homebuyers are, at times, finding themselves squeezed out by cash buys.

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Authored By Terrance Thornton – See the Full Story at News Zap

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