Is the Phoenix housing market headed for a crash in 2021? Experts say no and here's why

The housing market in Arizona is being fueled by incredible demand with limited supply. But how long will this last?

The housing market in Arizona is being fueled by incredible demand with limited supply. But how long will this last?

In this story aired June 2, 2021, on 12 News:

This is being driven by real demand. The problem is a lack of supply in many ways, and that lack of supply is the result of a whole bunch of factors. It's complicated to deal with this. But this is not an economic bubble. This is being driven by real, actual economic demand.

– Mark Stapp, Fred E. Taylor Professor in Real Estate and director of the Master of Real Estate Development program