News Article From: 06-28-2006
The first article Phoenix tops U.S. in home price appreciation from The Business Journal reports that 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. The PMI Risk Index measures geographic house-price risk by predicting the probability of a regional decline in home prices over the next two years for the nation's 50 largest metro areas over the next two years. Phoenix clocked in with a 17.5 percent chance of decline.