When is moving day? Population trends affect Phoenix real estate recovery

The Phoenix real estate market has been showing signs of life, but a panel of experts warns that a full recovery is unlikely until around 2015. Mark Stapp, director of the Master of Real Estate Development program, and Mike Orr, director of the Center for Real Estate Theory and Practice, met this week with Tom Rex, director of the Center for Competitiveness and Prosperity Research for a wide-ranging discussion of the economic factors influencing the Phoenix and Arizona market.