In a market with chronic supply shortages, normal demand can drive prices up. That continues to be the case in the Phoenix market, according to Mike Orr, director of the W. P. Carey School’s Center for Real Estate Theory and Practice and author of the monthly Phoenix housing report.

Supply in the Phoenix real estate market rose during January, but only slightly, according to Mike Orr, author of the monthly housing report from the W. P. Carey School of Business.

The Phoenix economy is mending, with indications that its real estate market is the hottest in the nation. But before retail developers jump in, economist Dennis Hoffman cautions them to pause and consider how the retail landscape has changed.

Mike Orr, author of the monthly housing report issued through the W. P. Carey School of Business, said that developers were busy shopping for land in December.

Criticism of the Phoenix metro area clusters around a few main themes: The city is not sustainable, it’s not walkable and it’s just a giant bedroom community with too much sprawl and too few well-paying jobs. So where does metro Phoenix go from here, on its way to 2035?

The Phoenix real estate market has seen prices rise at a dramatic pace over the past year, but what’s next? Mike Orr, director of the of the Center for Real Estate Theory and Practice at the W. P.

Real estate professor Andra Ghent’s study of historical mortgage laws and foreclosure statistics shows that state laws vary greatly and, when laws require lenders to work through the court system, foreclosure processes tend to drag on and on. Such delays can hobble housing-market recovery.

Good design is an essential ingredient of success, for developers and communities. Real estate Professor Mark Stapp writes that buildings must be more than functional and financially feasible.

The real estate recovery is an opportunity for cities in the Phoenix metro area to re-think an approach to development that has prevailed for the past 60 years. Recently, two housing experts talked about what the next phase of Arizona’s growth might look like, given vision and planning.

Real estate expert Michael Orr favors price per square foot over median price when tracking changes in the Maricopa and Pinal County market. That’s because price per square foot reveals incrementally small price changes, allowing us to see movement long before median price is affected.