Boom or bubble? How long will Phoenix's hot real estate market last
ASU real estate expert Mark Stapp explains increasing rent prices are not due to a housing bubble.
ASU real estate expert Mark Stapp explains increasing rent prices are not due to a housing bubble.
In this story aired May 5, 2021, on 12News:
A bubble implies that when it bursts there's nothing there, right? When you think of a bubble, it's got outside and when it pops it's all gone and there's nothing there. That's not what this is.
– Mark Stapp, Fred E. Taylor Professor in Real Estate and director of the Master of Real Estate Development program
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