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The Market Now

Daily Archives: January 15, 2013

Phoenix Housing Rises as Canada Buyers Seek 55% Desert Discount

The Power Ranch community in Gilbert, Arizona Thursday January 12, 2012. (For Bloomberg News/ Laura Segall)

The Recovery Gap, Phoenix Edition

Two stories from Phoenix neatly sum up the mixed economy. Investors and homeowners have benefitted from low interest rates and the Fed's efforts to jump-start the housing market. Investor gains haven't been matched by middle-class income.

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