Real Estate

The real estate market fluctuates with the seasons, and the lead up to summer — a popular time to move — is usually busy. This year June was the prize-winner with exceptionally strong sales. Mike Orr, director of the Center for Real Estate Theory and Practice in the W. P. Carey School of Business, reports that single family sales in June rose 9 percent over May, and were 22 percent higher than a year ago.

As entrepreneurs and small business owners, it’s not what you think that matters, it’s what others think. In a sense, every day is “election day” for your business, because when customers buy or use your product or service it’s as if they were voting for you. So how do attract votes?

Plans to open the David and Gladys Wright House in the Phoenix neighborhood of Arcadia as a museum have spurred debate. Professor of Real Estate Mark Stapp comments on the significance of the property, designed by architect Frank Lloyd Wright, and its importance in establishing Phoenix as a city with interesting neighborhoods -- in short, a city where talented people and successful businesses might want to locate.

Finding good tenants starts with the first call from a prospective renter.

Shrinking supply has been the story in the Phoenix real estate market for months, but relief could be here in the second half of the year — at least for some buyers. In the past two months the number of building permits issued in the $200,000 to $500,000 range has increased to a level not seen since 2007.