Phoenix entry-level homes see appreciation

Phoenix

PhoenixAZ Business Magazine

Good news for folks owning homes priced below $250,000 as they appreciated the most in 2015 between 6 and 12 percent, according to the W.P. Carey School of Business at Arizona State University’s most recent housing report.

Homes priced in the next tier, $250,000 to $500,000 saw modest appreciation at 2 to 6 percent while homes priced from $500,000 to $2 million appreciated only slightly, according to the report.

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