A well-known, Atlanta-based developer wants to build a 245-unit complex that strays from the low-density character of the area, and the majority of nearby homeowners are against it.

Research Professor and Economist Lee McPheters says we're relying on the labor market and Arizona hasn't been a hot market for the construction industry.

From Arizona State University’s Gammage Auditorium and the Wright House to the First Christian Church, Frank Lloyd Wright gave the Valley its unique architectural style. Naturally, Real Estate Professor Mark Stapp, who is the executive director of W. P.

The drop in sales of luxury homes and in total dollars spent market wide from august to September hints that the fourth quarter of 2015 may not be as strong as the first three, according to the latest housing market report from the Center for Real Estate Theory and Practice.

Almost anyone can buy a home these days, thanks to specialty mortgages that lower the financial threshold for admission into the hot real estate market.

The public perception is that foreclosures mainly affect hardworking families who are hit with a payment reset or a trigger event such as a job loss. But Anthony Sanders, a professor of finance and real estate at the W. P. Carey School of Business, also sees evidence of "rampant fraud."

Foreclosure rates have increased dramatically in the last year. Yet bankruptcy filings are much lower than they were before the Bankruptcy Abuse Prevention and Consumer Protection Act (BAPCPA) went into effect.

The meltdown of the subprime mortgage industry, often associated with the lower end of the U.S. housing market, continues to spread upward, bringing uncertainty into the jumbo mortgage loan market (loans above $417,000).

The collapse of the subprime market has hit hedge funds hard. According to Anthony Sanders, professor of finance and real estate at the W. P. Carey School of Business, many hedge funds forgot due diligence when the real estate market was hottest, and are now stuck with bad paper.

"In real estate, if you keep yourself in front of long-term demographic trends, you will prosper," observes Christopher Cole, founder and chief executive of the Cole Companies, who received the Distinguished Achievement Award at the W. P. Carey undergraduate convocation recently.