Phoenix Leads Price Rise Charge

CNNMoney reports that Phoenix Arizona real estate recorded a 55.2 percent increase in house prices over the last 12 months, according to the National Association of Realtors third-quarter report.

Orlando, Florida was second at 44.8 percent, and Cape Coral-Fort Meyers, Florida was third at 42.5 percent.

Some formerly white-hot markets slowed a bit. San Diego recorded a 6.3 percent gain after growing nearly 30 percent between 2003 and 2004.

Las Vegas, which soared 48.7 percent during the 2003 to 2004 period, grew only 10.5 percent over the latest 12-months. More...

The article gives the median price and appreciation for 147 metropolitan areas.