PHOENIX - Phoenix home prices increased 2.5 percent in April, the best among major U.S. city markets, according to a report published Tuesday.
That makes it the best performing U.S. market, the Business Journal reports.
The numbers show improvements in the recovering Phoenix area housing market.
Detroit was the only city to record a drop as prices fell 3.6 percent, according to the Associated Press.
The Valley's housing market was hit hard by the recession, but is now seeing a decline in foreclosures, according to the Business Journal.
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