Seller's market in Phoenix real estate is brutal for local buyers

The shortage of homes in the Valley doesn't mean metro Phoenix is heading toward another housing crisis, but instead a lot of job and economic growth, according to ASU real estate expert.

The shortage of homes in the Valley doesn't mean metro Phoenix is heading toward another housing crisis, but instead a lot of job and economic growth, according to ASU real estate expert.

In this story posted April 24, 2021, on Arizona Family:

We have a lot of economic expansion. Economic expansion means that jobs that are being created. Jobs means we have people moving here, and that's the demand for housing.

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