Phoenix Home Prices Rise amid Nationwide Drops

Phoenix Business Journal
Date: Tuesday, April 24, 2012, 7:18am MST

Home prices in Phoenix have increased for five straight months despite continued declines in other U.S. markets.

Phoenix home prices have risen for the fifth straight month, despite continued declines in most major U.S. cities, according to the Standard & Poor’s/Case-Shiller home-price index for February.

The Associated Press reports prices rose in Phoenix, San Diego and Miami but fell in 15 out of 20 markets in the report.

While the report showed the country was still in the grips of its worst housing collapse in generations, there were signs of slower price declines from a year earlier.