Arizona's hot housing market expected to continue into next year

ASU real estate professor says 'Nothing suggests this is a bubble. This is not going to bust.' Thanks to more people moving to the Valley because of employment growth more housing is needed to accommodate new residents.

ASU real estate professor says "Nothing suggests this is a bubble. This is not going to bust." Thanks to more people moving to the Valley because of employment growth more housing is needed to accommodate new residents.

In this story aired Dec. 28, 2021, on 12News:

That has caused this significant upward pressure on housing prices and I don’t see any change in that occurring over the next couple of years.

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