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A home for sale in Tempe. Experts say limited supply due to a drop in foreclosures on the market is helping drive up prices around Arizona. [Cronkite News Service]
FILE - In this Wednesday, Sept. 26, 2012, file photo, a "sold" sign sits out in front of a home in Riverview, Fla. A measure of U.S. home prices jumped 5 percent in September compared with a year ago, the largest year-over-year increase since July 2006. The gain reported by CoreLogic offered more evidence of a sustainable housing recovery. (AP Photo/Chris O'Meara, File)
FILE - In this Wednesday, Sept. 26, 2012, file photo, a "sold" sign sits out in front of a home in Riverview, Fla. A measure of U.S. home prices jumped 5 percent in September compared with a year ago, the largest year-over-year increase since July 2006. The gain reported by CoreLogic offered more evidence of a sustainable housing recovery. (AP Photo/Chris O'Meara, File)
The Hollywood Sign serves as a background to a sign advertising gasoline prices approaching $5.00 per gallon at a Shell station in the Hollywood district of Los Angeles Tuesday, Oct. 9, 2012. The cost of a gallon inched up to another record high Tuesday as the average price for regular gas in California was a bit over $4.67 a gallon, a state record and the highest in the nation, according to the AAA's Daily Fuel Gauge Report. (AP Photo/Reed Saxon)
Gas prices have increased in Arizona, yet they are not as high as California, shown Wednesday, Oct. 10, 2012 in Mesa. [Tim Hacker/Tribune]
Gas prices have increased in Arizona, yet they are not as high as California, shown Wednesday, Oct. 10, 2012 in Mesa. [Tim Hacker/Tribune]
Gas prices have increased in Arizona, yet they are not as high as California, shown Wednesday, Oct. 10, 2012 in Mesa. [Tim Hacker/Tribune]
After 2 1/2 months of declining gas prices, the cost increased last week in the East Valley to an average price of $3.444.
A home for sale in Tempe. Housing experts say a limited supply of homes for sale, due to a drop in foreclosures on the market, is helping drive up prices around Arizona.
This Tuesday, Aug. 21, 2012, photo, shows an exterior view of a home sold in Palo Alto, Calif. (AP Photo/Paul Sakuma)
FILE-In this Tuesday, Aug. 28, 2012, file photo, a man pumps gas into his van while a sign advertises that a gallon of regular unleaded costs $4.09 at the Speedway on South Westnedge Avenue in Kalamazoo, Mich. Drivers are facing the biggest one-day jump in gasoline prices in 18 months, Wednesday, Aug. 29, 2012, as Hurricane Isaac swamps the nation's oil and gas hub along the Gulf Coast. The nationwide average for a gallon of regular gas rose a nickel Wednesday to $3.80 as refineries shut down or cut back to protect against Isaac's high winds and heavy rain. (AP Photo/Kalamazoo Gazette, Mark Bugnaski)
Ben Thomas, a plumber with Benjamin Franklin Plumbing, fills up his work truck at a gas station in Chandler, Tuesday, March 6, 2012. [Tim Hacker/ Tribune]
Ben Thomas, a plumber with Benjamin Franklin Plumbing, fills up his work truck at a gas station in Chandler, Tuesday, March 6, 2012. [Tim Hacker/ Tribune]
Ben Thomas, a plumber with Benjamin Franklin Plumbing, fills up his work truck at a gas station in Chandler, Tuesday, March 6, 2012. [Tim Hacker/ Tribune]
Gas prices shed another 8 cents in the East Valley in the past week, according to AAA Arizona.
Prices are advertised at a gas station Tuesday, Feb. 21, 2012 in San Francisco. U.S. retail gasoline prices rose less than a penny Monday to a national average of 3.57 per gallon, according to AAA, Wright Express and Oil Price Information Service. A gallon of regular is 19 cents higher than it was a month ago and 40 cents more than a year ago. AP Photo/Marcio Jose Sanchez)
A motorist pulls the nozzle out of his gas tank after fueling his car at a station in Augusta, Maine, on Monday, Aug. 15, 2011.
A motorist buys gas for his boat, getting an early start on the Holiday weekend traffic Friday July 1, 2011 in Burbank, Calif. The national average now stands at $3.55 per gallon. That's the cheapest gasoline has been since late March. It's still higher for this time of year than any other year except 2008, however. (AP Photo/Nick Ut)
In this May 23, 2011 photo, a home is shown for sale in Chagrin Falls, Ohio. Home prices have reached their lowest points since the housing bubble burst in 2006, driven down by foreclosures, a glut of unsold homes and the reluctance or inability of many to buy. (AP Photo/Amy Sancetta)
Guest Commentary by Andy Warren, Maracay Homes
Guest Commentary by Michael Carroll
Guest commentary by Phil Kerpen
By Mark Heller, Tribune
By Mark Scarp, contributing columnist
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