Phoenix housing prices: Temporary cooling trend expected this summer
The imbalance created by high demand and low supply continues to be the dominating factor in the greater Phoenix housing market, according to Mike Orr, director of the Center for Real Estate Theory and Practice at the W. P. Carey School of Business. With summer in full swing, Orr expects rising prices to stabilize as buyers take time off from the hunt but according to the rules of economics one would expect the price increases to resume in the fall.
The imbalance created by high demand and low supply continues to be the dominating factor in the greater Phoenix housing market, according to Mike Orr, director of the Center for Real Estate Theory and Practice at the W. P. Carey School of Business. With summer in full swing, Orr expects rising prices to stabilize as buyers take time off from the hunt. Rising prices have attracted more sellers to the market, but not enough to balance out demand, so according to the rules of economics one would expect the price increases to resume in the fall. Here’s Mike Orr discussing the current situation. [podcast]
Latest news
- W. P. Carey spotlights second-year IS faculty achievements and goals
The Department of Information Systems at the W. P.
- Bigger baskets or smaller margins? What scan-and-go really means for retailers
New research finds that in-store scanning apps drive more spending on big-ticket goods but cut…
- Leading the movement to fix fast fashion
As a college student, Jennifer Hyman founded a clothing rental service that reimagined how…