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. Carey real estate expert.

In this story published June 5, 2025, in Phoenix Axios:

The market is still out of whack to some degree, and it hasn't corrected itself. We need five or six months of inventory for this to be a real buyer's market.

– Mark Stapp, Fred E. Taylor Professor in Real Estate, director of the Master of Real Estate Development program, and director of the Experiential Learning Lab at the Center for Real Estate Development