More metro Phoenix homeowners may soon be able to sell for a profit,
albeit a small one, as home prices in the region continue to rise.
Arizona State University's latest real-estate report shows the median
home price in the Phoenix area climbed again in April to $140,000 -- 25
percent higher than the year before.
Helping push up prices is a limited supply of homes for sale and a
growing pool of buyers. If those trends hold, the outlook is for home
prices to keep rising, which could be good news for many owners who for
years have owed more than their houses have been worth.
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