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.