According to an article in the September 25th issue of the Phoenix Business Journal, home prices in the Phoenix area rose .08 percent from May to June. This is taken from the Arizona State University Repeat Sales Index.
This is the first month-to-month increase since 2007 and the median price of a home in the Phoenix area is $122,000 up from $119,000 in May.
According to the article these new numbers offer some evidence that "perhaps" the worst of the plunge in home prices may be over - at least for now.
Here is hoping that they are correct in there assessment!
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