Tuscon Home Prices Grow by 10% and Estimated to Grow 29% Over the the Next Four Years

The Tucson region’s housing recovery is expected to gain more value-momentum.

Average home prices are projected to grow at an annualized rate of 7.2 percent from the 2012 third quarter through the 2017 third quarter, according to new data from the Fiserv Case-Shiller Indexes.

Fiserv Case-Shiller tracks home price trends in some 380 metropolitan markets. In most regions, the data is trending toward a return to a "normal" housing market for the entire country. Overall, the gains in values have been solid and broad-based.

By 2014, home prices will be rising in nearly every market, according to Fiserv chief economist David Stiff.