Phoenix Home Prices Recovering with Steady Monthly Increases
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Home prices went up about 1% month-to-month from June to July.
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Metro Phoenix is recovering from home price declines over the past year.
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Prices are inching back up, with increases from June to July and May to June.
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Nationwide, lower-priced homes are seeing stronger recovery due to demand.
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The data shows 19 of 20 major metro markets had monthly price increases.