Phoenix real estate entered 2020 on a high, which should ease the pandemic's market impact

How much the Valley's housing market cools will depend on how many people receive benefits from the government stimulus package and if those benefits are enough to help people avoid credit problems, evictions, foreclosures, and taking on more credit-card debt.

How much the Valley's housing market cools will depend on how many people receive benefits from the government stimulus package and if those benefits are enough to help people avoid credit problems, evictions, foreclosures, and taking on more credit-card debt.

In this story published May 28, 2020, in The Arizona Republic:

We have very low inventory, which will keep the housing market from collapsing. It will take until early to mid-July to see the full impact on the market.

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