Summer doldrums in the Phoenix real estate market
Historically, summer in Phoenix has been a sluggish season for the real estate market, and July 2012 has been no exception. Michael Orr, director of the Center for real Estate Theory and Practice at the W. P. Carey School of Business, reports that single family house prices dipped compared to last July, but, paradoxically, so did supply. This market continues to be a complicates set of moving pieces, although the trend is for improvement. How long till it reches “normal”? The answer continues to be “quite a while.”
Historically, summer in Phoenix has been a sluggish season for the real estate market, and July 2012 has been no exception. Michael Orr, director of the Center for real Estate Theory and Practice at the W. P. Carey School of Business, reports that single family house prices dipped compared to last July, but, paradoxically, so did supply. This market continues to be a complicates set of moving pieces, although the trend is for improvement. How long till it reches “normal”? The answer continues to be “quite a while.” Housing Reports [podcast]
Latest news
- AI master's student Nora Mawashi sees future career through ethical use of technology
The Master of Science in Artificial Intelligence in Business (MS-AIB) from the W. P.
- Is it the right time to buy a car before tariff pricing kicks in?
The auto industry is encouraging customers to purchase cars now despite higher interest rates,…
- ASU celebrates new W. P. Carey Center for Real Estate and Finance
An expert discusses how the school's new center and undergraduate real estate degree will…