The comeback market
Rumblings in the media hint that rising home prices could be the start of a new bubble, but real estate expert Mike Orr says that researchers who are examining the data don’t believe it. Instead, he says Phoenix is experiencing a market come back. The market continues to be complex, however, with supply constrained and the homebuilding industry cautious. Based on March data for land transactions, the hot area for homebuilding is likely to be Southeast Gilbert, Southeast Mesa and Queen Creek.
Rumblings in the media hint that rising home prices could be the start of a new bubble, but real estate expert Mike Orr says that researchers who are examining the data don’t believe it. Instead, he says Phoenix is experiencing a market come back. The market continues to be complex, however, with supply constrained and the homebuilding industry cautious. Based on March data for land transactions, the hot area for homebuilding is likely to be Southeast Gilbert, Southeast Mesa and Queen Creek.
Monthly Report - Greater Phoenix Real Estate Market
[podcast]
Latest news
- Arizona and Mexico officials to meet for trade summit, address tariff concerns
ASU supply chain management expert calls Arizona-Mexico Summit a smart, strategic move for…
- Swiping right on leadership
Whitney Wolfe Herd is reshaping tech to work better for women — beginning with the mission-…
- Tariff engineering: The legal way companies avoid paying higher import taxes
Strategies like tariff engineering benefit companies but hurt consumers, says an ASU economist…