Tuesday, February 5, 2013

Scottsdale and Valley housing prices rebound

Phoenix led the nation in improving housing prices among 33 metro areas in a study released this week by ZipRealty LLC.

Median home prices in Phoenix in 2012 were up 29 percent over the previous year. That is well above the 11 percent increase nationally, based on data from the Multiple Listing Service.

“The metro areas that suffered the most during the real-estate downturn — south Florida and Phoenix — exhibited the greatest improvement recently,” said Jamie Wilson, senior president of technology for ZipRealty, a national brokerage based in Emeryville, Calif.

Read more: Scottsdale and Valley housing prices rebound

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