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
- Hands-on real estate learning helps MBA students make an impact
Recent graduate Carson Thrift (MBA '25) applied skills from his Full-…
- Master's in finance program helps Adam Ray find confidence, purpose in career
Adam Ray (MS-FIN '25) chose to stay at W. P.
- Economic experts share 2026 outlook at 62nd Annual ASU/PNC Bank Luncheon
Top economists provide insights on U.S.