Podcast: Foreclosures, economic conditions set the clock for real estate recovery
Foreclosures have traditionally accounted for only a small fraction of the real estate transactions in the Phoenix area market, but in January, as in past months, foreclosures were the whole story. Almost half of the existing-home transactions — 45 percent — were foreclosures. And, if you include the resale of foreclosed-on properties, a total of 67 percent can be attributed to foreclosures. Jay Butler, associate professor of real estate, compiles the W. P. Carey School's monthly Realty Studies report. He talked with us about how economic conditions, including the revenue crisis facing the cities and the state, affect our neighborhoods and our real estate values.
Foreclosures have traditionally accounted for only a small fraction of the real estate transactions in the Phoenix area market, but in January, as in past months, foreclosures were the whole story. Almost half of the existing-home transactions — 45 percent — were foreclosures. And, if you include the resale of foreclosed-on properties, a total of 67 percent can be attributed to foreclosures.
Jay Butler, associate professor of real estate, compiles the W. P. Carey School's monthly Realty Studies report. He talked with us about how economic conditions, including the revenue crisis facing the cities and the state, affect our neighborhoods and our real estate values.
Latest news
- Data-driven master’s program prepared alum Everson Wimer for career success in public accounting
Everson Wimer (MACC '24) chose to pursue accounting because he wanted to understand the language…
- If you'd put $1,000 into Microsoft stock 20 years ago, here's what you'd have today
According to an ASU expert's research, Microsoft was one of the most successful stocks between…
- W. P. Carey spotlights second-year IS faculty achievements and goals
The Department of Information Systems at the W. P.