
Arizona's housing crisis is only getting worse, experts say
An ASU real estate expert says interest rates and wages must change before the housing market improves.
In this article aired Feb. 29, 2024, on 12 News:
Interest rates have to come down. Wages have to continue to rise. Inventory has to raise substantially for available homes, and we have to have enough change in inventory that the supply and demand effect begins to work and it stabilizes the price of homes.
– 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
Latest news
- Buyers gain upper hand in Valley housing market
Arizona housing inventory is growing, but it's not yet a true buyer's market, says W. P.
- Wisdom from the supply chain OG
A W. P.
- MACC graduate Kailey Shupe finds immense value in program’s data analytics focus
The Master of Accountancy and Data Analytics (MACC) at W. P.