Real Estate

Director of the Master of Real Estate Development program Mark Stapp says new homes are at critical lows in many metro areas, but especially in Phoenix.

Executive Director of the Master of Real Estate Development program Mark Stapp says the city's identity is evolving and we have to mature if we are going to continue increasing because we simply can't accommodate the expansion patterns we've had in the past.

Arizona's foreclosures dropped 11% last year, which puts the state fifth lowest in the nation. But the new numbers don't account for Arizonans forced to leave rentals. Executive Director of the Master of Real Estate Development program Mark Stapp says Arizona's low foreclosure numbers indicate that homeowners can still sell their house when they need to get out.

With an affordable housing shortage in most major cities, finding homes that are disability-friendly makes a narrow pool even narrower. Mark Stapp, executive director of the Master of Real Estate Development, says parents are willing to wade through bureaucracy and compete for federal grants and other resources.

The Valley of the Sun has housing fees that are growing the most rapidly across the nation as people abandon the cold winters in the Midwest or flee high housing costs in California.