Rising Home Prices Across The U.S.A.

The Business Journal of Phoenix, reports that the Phoenix area has seen home prices jump more than 20% during the first three months of this year, compared with first quarter 2004 figures. ASU's Arizona Real Estate Center show the median price of a home in the Phoenix area is now at $221,000 as of the end of April. However, home prices are rising elsewhere. According to a USA Today analysis published Monday, 65 of 136 U.S. cities posted double-digit price increases over the year. 8 of the top 10 cities posting the largest increases were in Florida. According to the USA Today figures, the Phoenix area ranked 14th in terms of home price gains. Tucson was 21st. Overall, the median price of a home in the U.S. as a whole rose 9.7 percent over the year. More...