Phoenix was last month's highest-performing housing market
Home values across the country dropped a bit last month, but here in metro Phoenix there is good news according to a report out today. KJZZ’s Al Macias reports.
AL MACIAS: The Phoenix area was the highest-performing market in the country last month with an almost 10 percent increase in home values compared to the same time in 2011. A year and a half ago, Phoenix and Tucson were among worst-performing markets in the country. The report by Clear Capitol, a real estate data reporting company, says banks appear to be putting foreclosed homes back on the market. According to the survey, the western United States could be turning the corner with home values. It predicts a slight increase by the end of the year. Here in metro Phoenix values are forecast to increase by double digits through the end of 2012.