Demand for new homes is back in Phoenix

In the Phoenix resale home market, supply is tight – especially for lower-priced properties -- and prices are on the rise, said Mike Orr, director of the Center for Real Estate Theory and Practice at the W. P. Carey School. In his presentation at the Annual Economic Outlook luncheon, Orr said that homebuilders will need to find a solution to the labor shortage in order to meet demand. The event is the finale of the 2011-12 season of the W. P. Carey School’s Economic Club of Phoenix.

In the Phoenix resale home market, supply is tight – especially for lower-priced properties -- and prices are on the rise, said Mike Orr, director of the Center for Real Estate Theory and Practice at the W. P. Carey School. In his presentation at the Annual Economic Outlook luncheon, Orr said that homebuilders will need to find a solution to the labor shortage in order to meet demand. The event is the finale of the 2011-12 season of the W. P. Carey School’s Economic Club of Phoenix. Follow Orr's slides