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Boom or bubble? How long will Phoenix's hot real estate market last

ASU real estate expert Mark Stapp explains increasing rent prices are not due to a housing bubble.

ASU real estate expert Mark Stapp explains increasing rent prices are not due to a housing bubble.

In this story aired May 5, 2021, on 12News:

A bubble implies that when it bursts there's nothing there, right? When you think of a bubble, it's got outside and when it pops it's all gone and there's nothing there. That's not what this is.


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