It's important to understand when hearing a news story about housing prices going up or down what they story is talking about. There's the National Market and the Metro Phoenix Market and they are very often different. Also, note if the story is talking about a change from Month to Month or Year to Year.



Now that I covered that, National values are down 1.3% from Oct 2011 to Nov 2011 and down 3.7% from Nov 2010 to Nov 2011. However, Phoenix Metro is up .6% from Oct 2011 to Nov 2011 and down 3.6% Nov 2010 to Nov 2011.

http://money.cnn.com/2012/01/31/real_estate/home_prices/index.htm