Thanks to the housing bubble, Phoenix garnered a reputation for dusty abandoned homes and half-built tracts of retail sprawl. Arizona’s biggest city suffered a 55% drop in home prices since the 2006 peak and it consistently ranks among the country’s 20 worst cities in terms of foreclosures.
Yet a recent rebound in home sales — and more modestly in home prices — has spurred talk of a recovery there………………………………………..Full Article: Source