Housing market up slightly, but outlook for 2010 murky

A year ago, Phoenix snagged unwanted attention for leading the nation in home value depreciation. That was the assessment of the S&P/Case Shiller Home Price Indices in December 2008. Then in early summer 2009, the Arizona State University-Repeat Sales Index showed that the median price for a home in the Phoenix metro area had dropped to $115,000 in May, placing prices in the range they were more than a decade ago.

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