Development is re-awakening in Phoenix following a pause in activity that was enforced by the recession.

Some real estate commentators are making ominous predictions that the market is once again inflating like a bubble. But Mike Orr, director of the Center for Real Estate Theory and Practice at the W. P. Carey School of Business, says there is no evidence in the data to support their assertions.

Each year Urban Land Institute Arizona presents “Trends Day” -- a major event designed for professionals in the real estate and development industries -- to inform and to spark discussion about current conditions and the latest thinking in planning, design and development.

In a market with chronic supply shortages, normal demand can drive prices up. That continues to be the case in the Phoenix market, according to Mike Orr, director of the W. P. Carey School’s Center for Real Estate Theory and Practice and author of the monthly Phoenix housing report.

Supply in the Phoenix real estate market rose during January, but only slightly, according to Mike Orr, author of the monthly housing report from the W. P. Carey School of Business.

The Phoenix economy is mending, with indications that its real estate market is the hottest in the nation. But before retail developers jump in, economist Dennis Hoffman cautions them to pause and consider how the retail landscape has changed.

Mike Orr, author of the monthly housing report issued through the W. P. Carey School of Business, said that developers were busy shopping for land in December.

Criticism of the Phoenix metro area clusters around a few main themes: The city is not sustainable, it’s not walkable and it’s just a giant bedroom community with too much sprawl and too few well-paying jobs. So where does metro Phoenix go from here, on its way to 2035?

The Phoenix real estate market has seen prices rise at a dramatic pace over the past year, but what’s next? Mike Orr, director of the of the Center for Real Estate Theory and Practice at the W. P.

Real estate professor Andra Ghent’s study of historical mortgage laws and foreclosure statistics shows that state laws vary greatly and, when laws require lenders to work through the court system, foreclosure processes tend to drag on and on. Such delays can hobble housing-market recovery.