The Business Journal of Phoenix - 3:56 PM MST Tuesday
by The Business Journal
Phoenix continues to have the highest home price appreciation across the country, according to the PMI U.S. Market Risk Index, released Tuesday.
Homes values in the Valley jumped by 31.1 percent from first-quarter 2005 to first-quarter 2006, based on a review of repeat sales.
Still, according to PMI, Phoenix's 6.02 percent employment growth over the same period should balance out the difference between price and affordability.
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