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Home values in several established Valley neighborhoods have held steady this year despite the housing market’s slowdown. But many areas, particularly far-flung communities, have seen prices tumble. Median home prices have dropped in more than half of all metropolitan Phoenix’s ZIP codes, according to a Republic analysis of new- and used-home sales from the data-research firm Information Market. Hardest hit were newer Valley fringe communities from Pinal County to Peoria and even some closer in, where home builders reduced prices.  More…

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