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Phoenix Housing Propagandists Create New Index: Prices to rise this summer

05-26-2010 • AZcentral.com

Phoenix-area home prices will climb slightly in June, take a small dip in July and then start to climb again in late August. This prediction on home prices doesn't come from a crystal ball or an economic forecast. Metropolitan Phoenix has a new pending sales index complied by the Arizona Regional Multiple Listing Service. The index, a leading indicator for the housing market, can give home buyers and sellers an accurate view of home prices a few months out.

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