Real Estate

The January numbers are out for the Phoenix real estate market and they’re not spectacular. But even when the market is normal, January is slow, says real estate expert Mike Orr. Activity during February and March is signaling growing strength in the market at last.

U.S. News & World Report Money published a story on January 30, 2015, about ways to get around a dismal credit rating if you want to buy a house.  Mike Orr, director of the Center for real Estate Theory and Practice, weighed in on seller financing.

Surging interest in attached homes has the potential to change the character of the city, adding urban density to the sprawling metro area.

Reporting on President Barack Obama’s January 8 visit to Phoenix, USA Today quoted Mike Orr, director of the Center for Real Estate Theory and Practice, on the president’s announcement that FHA mortgage insurance rates will drop.

The Phoenix metro area has a history of rapid price increases and breath-taking drops, so to longtime observers the currently calm market may seem — well — dull. But experts at the “Phoenix Housing Market Explained III,” hosted by the W. P. Carey School of Business and The Arizona Republic on January 17, said the time for optimism is here.