Check out the photography of our 2012 entry into the luxury home tour. It’s stunning! Come visit us this weekend and next! June 15-17, and 22-24.
6500 sq. ft. 5 bedrooms, 4 bathrooms – Rustic elegance with spectacular lake views.
For sale at $2.549m
Home prices have gone up the most in Phoenix over the last year, according to the Case-Shiller Home Price Index, rising 6.1 percent.
The latest release of the quarterly Case-Shiller Home Price Index reveals that seven of the 20 metropolitan areas surveyed saw higher home prices than in the first quarter of 2011, offering hope for sustained recovery in these markets.
The seven cities with the greatest annual increase in home prices are:
1. Phoenix (6.1 percent)
2. Minneapolis (3.3 percent)
3. Miami (2.5 percent)
4. Detroit (2.3 percent)
5. Denver (2.6 percent)
6. Dallas (1.5 percent)
7. Charlotte, N.C. (0.4 percent)
In addition, all of these cities except Charlotte and Minneapolis also saw prices increase on a month-to-month basis.
On the whole, home prices fell 1.9 percent year-over-year from the first quarter of 2011. The 20-City Composite Index fell 2.6 percent while the 10-City Composite dropped 2.8 percent.
To read the rest of the report, click here.
Original Article: http://www.housingzone.com/industry-data-research/7-cities-where-home-prices-are-rise