The latest release of the quarterly Case-Shiller Home Price Index reveals that seven of the 20 metropolitan areas surveyed saw higher home prices than in the first quarter of 2011, offering hope for sustained recovery in these markets.

The seven cities with the greatest annual increase in home prices are:

1. Phoenix (6.1 percent)
2. Minneapolis (3.3 percent)
3. Miami (2.5 percent)
4. Detroit (2.3 percent) ...