Zillow: Phoenix home prices up 12% to lead nation
U.S. home values have posted their the first year-long gain since 2007, and the rapid rebound of the metro Phoenix housing market once again far outpaced anywhere else in the country, according to Zillow. Phoenix-area home prices surged 12.1% in the second quarter compared with the same period last year. Phoenix also saw the largest increase from the first quarter of 2012 - posting a 6% gain in home values to an average $136,200 in the second quarter.
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