Housing prices in Phoenix, spurred in part by easy lending, are up 57% in the past two years, knocking it off our Top 10.

FORBES: The South Rises Again

Housing prices in Phoenix, Arizona spurred in part by easy lending, are up 57% in the past two years, knocking it off our Top 10.

FORBES: The South Rises Again

It was the first time the British juggernaut was knocked off the top of our list, which went to Real Madrid this time.

FORBES: Manchester United's Sir Alex Ferguson Is Stepping Down: What It Means For The Stock