Beware false pundits: No evidence of new bubble

Some real estate commentators are making ominous predictions that the market is once again inflating like a bubble. But Mike Orr, director of the Center for Real Estate Theory and Practice at the W. P. Carey School of Business, says there is no evidence in the data to support their assertions. Similarly, history shows that rising interest rates do not deflate buyer interest. Listen to this seasoned expert explain in this conversation about the latest Greater Phoenix Housing Report.

Some real estate commentators are making ominous predictions that the market is once again inflating like a bubble. But Mike Orr, director of the Center for Real Estate Theory and Practice at the W. P. Carey School of Business, says there is no evidence in the data to support their assertions. Similarly, history shows that rising interest rates do not deflate buyer interest. Listen to this seasoned expert explain in this conversation about the latest Greater Phoenix Housing Report. [podcast] April 2013 Greater Phoenix Housing Market