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AZ Central

Phoenix home prices increase the most in Oct. from 2012

December 26, 2012

WASHINGTON -- US home prices rose in most major cities in October compared with a year ago, with Phoenix leading all cities with a 21.7 percent gain. Prices were pushed up by rising sales and a decline in the supply of available homes. Higher prices show the housing market is improving even as it moves into the more dormant fall and winter sales period.

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