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