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Tuesday, June 26, 2012

Phoenix/Scottsdale Real Estate on Sale!

Bloomberg reports this morning that the Phoenix Valley showed the biggest year-over-year increase, with prices rising 8.6% in the 12 months to April (2012).  All and all, the Phoenix Valley showed the biggest monthly increase, with prices rising 2.5% from March.

The composites index are as follows:
1 month - 2.47%
3 months - 6%
1year - 8.62%

Combined with the lowest rates of interest for mortgage loans, there has never been a better time to buy real estate.