The Phoenix real estate market is booming. But it's pricing out some home owners, renters
ASU real estate expert Mark Stapp explains increasing rent prices are causing several families to fall further behind.
ASU real estate expert Mark Stapp explains increasing rent prices since 2015 are causing several families to fall further behind.
In this story aired May 4, 2021, on 12News:
“Since 2015, median household income went up about 13%, rents went up 40%, and homes went up 65%. Those statistics tell you not only the problem, but the nature of the problem.”
– Mark Stapp, Fred E. Taylor Professor in Real Estate and director of the Master of Real Estate Development program
Latest news
- Buyers gain upper hand in Valley housing market
Arizona housing inventory is growing, but it's not yet a true buyer's market, says W. P.
- Wisdom from the supply chain OG
A W. P.
- MACC graduate Kailey Shupe finds immense value in program’s data analytics focus
The Master of Accountancy and Data Analytics (MACC) at W. P.