Real estate sales in the Phoenix area this summer hit a record not seen since 2007. An ASU real estate expert says many factors are leading to this boom.

Mark Stapp, director of the Master of Real Estate Development program, says too many renters are in danger of being evicted and something needs to be done to help them and their landlords.

How much the Valley's housing market cools will depend on how many people receive benefits from the government stimulus package and if those benefits are enough to help people avoid credit problems, evictions, foreclosures, and taking on more credit-card debt.

It's difficult to determine how the coronavirus will affect real estate without knowing how long the pandemic will last and its effect. Mark Stapp, executive director of the Master of Real Estate Development program, says it's severe and unlike anything we have experienced in recent times.

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.

With an affordable housing shortage in most major cities, finding homes that are disability-friendly makes a narrow pool even narrower.

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 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.

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.

Fred E. Taylor Professor in Real Estate Mark Stapp shares his points of view on the pursuit of graduate-level education in real estate development.