The ASU Repeat Sales Index rose for the second consecutive month in May. The gain was a modest 2.7% but it is still a good indication that home prices are finally stabilizing in the greater Phoenix area. Foreclosure home sale prices were up 3% from last year which is another indication that prices are starting to stabilize.r market is still in a very tenuousposition due to the local economy sill being weak, but his is very encouraging news.
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