A neighborhood cul-de-sac.

Concern grows surrounding home sale slump

An ASU real estate expert discusses how rising interest rates and low inventory don't contribute to a fluid housing market.

In this story aired Feb. 15, 2024, on Arizona PBS:

You have this lock-in effect where people that have been in their homes since the interest rates were very low aren't motivated to move.


Mark Stapp, Fred E. Taylor Professor in Real Estate, executive director of the Master of Real Estate Development program, and director of the Center for Real Estate Theory and Practice

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