Arizona's housing market is heating up. Is an affordability crisis looming?
Real estate sales in the Phoenix area this summer hit a record not seen since 2007. An ASU real estate expert says many factors are leading to this boom.
Real estate sales in the Phoenix area this summer hit a record not seen since 2007. An ASU real estate expert says many factors are leading to this boom.
In this story published Aug. 23, 2020, on KJZZ:
The interest rate reduction has obviously helped substantially — I think we have been a net benefactor of people’s behavioral changes related to COVID, they’re wanting to move out of more dense places. You take all of that and a really low inventory, and you're going to see exactly what's happening now, and that is pushing prices up.
– Mark Stapp, executive director of the Master of Real Estate Development program and Fred E. Taylor Professor in Real Estate
Latest news
- Master's in finance provides avenue for Alex Holt to dive deeper into finance industry
Alex Holt (MS-FIN '25) has long had a strong interest in the world of finance.
- Egg recall impacting prices in Arizona
Consumers will see higher egg prices this fall as demand increases, says an ASU supply chain…
- Glendale says VAI Resort is moving forward despite split special election
Tension caused by the election outcome could make the project vulnerable, says a W. P.