These home price numbers are going to cause a lot of pain for some people in the West Valley, particularly those who bought within the last year with the intention of flipping the property.

If you bought your home to live in, and you aren’t forced to sell sooner than you planned due to divorce, job relocation, job loss and such, then you should be fine.

On the other hand, Tempe is still the hottest market in the Valley for price increases after being a bit of a wallflower in 2004 and 2005.

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