An ASU real estate expert says while agriculture was a main driver of the Valley’s economy for years, it might not be a bad thing if farmers and others are using Maricopa and Pima county land for what is needed most.

Over the past several months, a homeless encampment near downtown Phoenix has grown to about 1,000 people.

An ASU real estate expert points to various reservoirs that could replenish the groundwater but admits there is still a risk due to the sheer scale of development.

ASU real estate professor says 'Nothing suggests this is a bubble. This is not going to bust.' Thanks to more people moving to the Valley because of employment growth more housing is needed to accommodate new residents.

Real estate has been strong for several reasons. One is that unique, high-end homes are attracting wealthy people to the state because the pandemic has made living in the Valley more attractive to those who have the flexibility and money, according to real estate expert Mark Stapp.

For Jerry Coleman’s positive impact on the local economy through locally owned and operated businesses, the W. P. Carey School honored him with the 2020 Spirit of Enterprise Award.

Jerry Coleman, co-founder of several Arizona real estate businesses, keynotes ASU event honoring him for Spirit of Enterprise Award.

Mark Stapp, director of the Master of Real Estate Development program, says a recently published study confirms Arizona's low-cost housing issue is more unfavorable than people in the Valley metro know.

In his latest Realty Studies Report, Jay Butler, associate professor of real estate at the W. P. Carey School, finds that 46 percent of the home transactions recorded in Phoenix in September were foreclosures — the highest percentage level of foreclosure activity since March.

The Phoenix real estate market, known in recent years for its volatility, is ending the year on a quiet note. According to Mike Orr, author of the W. P.