Forecast calls for Phoenix home prices to rise by 3.6 percent

By Catherine Reagor, The Arizona Republic | azcentral.com 2014

A new survey from Zillow.com is projecting that metro Phoenix home prices will rise 3.6 percent by April 2015. That’s not a significant increase compared with the 17 percent rise last year and the 30 percent jump in 2012.

Phoenix ranks 15th for projected home-price appreciation on Zillow’s list of large metros. Las Vegas, which has lagged the Valley in the housing rebound, ranks No. 1 with an almost 11 percent expected jump in home values.

Housing analyst Mike Orr, who tracks home sales daily, isn’t a fan of forecasting home prices several months out on sales that haven’t even been started.

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May 30, 2014

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