ASU real estate professor says 'Nothing suggests this is a bubble. This is not going to bust.' Thanks to more people moving to the Valley because of employment growth more housing is needed to accommodate new residents.

Real estate has been strong for several reasons. One is that unique, high-end homes are attracting wealthy people to the state because the pandemic has made living in the Valley more attractive to those who have the flexibility and money, according to real estate expert Mark Stapp.

For Jerry Coleman’s positive impact on the local economy through locally owned and operated businesses, the W. P. Carey School honored him with the 2020 Spirit of Enterprise Award.

Jerry Coleman, co-founder of several Arizona real estate businesses, keynotes ASU event honoring him for Spirit of Enterprise Award.

Mark Stapp, director of the Master of Real Estate Development program, says a recently published study confirms Arizona's low-cost housing issue is more unfavorable than people in the Valley metro know.

In his latest Realty Studies Report, Jay Butler, associate professor of real estate at the W. P. Carey School, finds that 46 percent of the home transactions recorded in Phoenix in September were foreclosures — the highest percentage level of foreclosure activity since March.

Making sense of the Phoenix real estate market requires an understanding of sales data, demographics and trends. On January 25, 2013, the W. P. Carey School of Business and The Arizona Republic assembled a panel of experts, each with depth knowledge of a different facet of the market.

A group of the Valley’s most successful brokers, meeting at a real estate forum at the W. P. Carey School of Business, agree that although the commercial real estate market is recovering, improvement will be slow.

More than two years of rising prices in the Phoenix real estate market appear to be coming to an end, says Michael Orr, director of the Center for Real Estate Theory and practice and author of the monthly housing report.

January — usually the slowest month of the year for home sales — turned out to be the second quietest in 14 years.