Anecdotal stories are one thing, data is another.
Don't see any bounce in PHX here
http://www.housingbubblebust.com/CaseShiller/West.html
For home price charts see
http://www.housingbubblebust.com/index.html
and click either the OFHEO, Case Schiller, or median links for the metro or region of your choice.
OFHEO and Case Schiller are the most accurate, valid data. OFEHO is qtrly, Case Schiller mnthly. Similar methodology - tracks repeat selling price of each individual home. Median is lower-quality data, since reflects mix of houses sold each month as well as price.