Summer doldrums in the Phoenix real estate market
Historically, summer in Phoenix has been a sluggish season for the real estate market, and July 2012 has been no exception. Michael Orr, director of the Center for real Estate Theory and Practice at the W. P. Carey School of Business, reports that single family house prices dipped compared to last July, but, paradoxically, so did supply. This market continues to be a complicates set of moving pieces, although the trend is for improvement. How long till it reches “normal”? The answer continues to be “quite a while.”
Historically, summer in Phoenix has been a sluggish season for the real estate market, and July 2012 has been no exception. Michael Orr, director of the Center for real Estate Theory and Practice at the W. P. Carey School of Business, reports that single family house prices dipped compared to last July, but, paradoxically, so did supply. This market continues to be a complicates set of moving pieces, although the trend is for improvement. How long till it reches “normal”? The answer continues to be “quite a while.” Housing Reports [podcast]
Latest news
- Pop culture is key to effective teaching
How a management and entrepreneurship professor uses Ted Lasso and other pop-culture touchstones…
- Artificial intelligence in business master's degree helps Nathan Merriman combine business strategy with technology
Nathan Merriman (MS-AIB '25) had been working in business for a few years when he learned about…
- How the Executive MBA empowered Scott Gates to be a mission-driven leader
Scott Gates (BS Marketing '04, Executive MBA '15) had a very positive experience during his…