Typical home prices in Phoenix recently passed where they were before the Great Recession, according to Fred E. Taylor Professor of Real Estate Mark Stapp.

In this article published June 26, 2019, on Bankrate:

I don’t think you’re going to see prices go down here simply because supply is so tight. Unless there’s a systemic economic shock that affects the entire country, I don’t see metro Phoenix declining. We’re building just what we need.

– Mark Stapp, executive director of the Master of Real Estate Development program and Fred E. Taylor Professor of Real Estate