Phoenix Real Estate: Sellers no longer in driver's seat
Supply in the Phoenix real estate market is not yet back to normal, but it is clearly getting much stronger. Demand, meantime, has cooled as investor interest wanes and ordinary homebuyers hang back. If this shift continues, the market could be in balance by year’s end, according to Mike Orr, author of the Greater Phoenix Housing Market Report and director of the W. P. Carey School’s Center for Real Estate Theory and Practice.
Supply in the Phoenix real estate market is not yet back to normal, but it is clearly getting much stronger. Demand, meantime, has cooled because investor interest has decreased and ordinary homebuyers have not taken up the slack. If this shift continues, the market could be in balance by year’s end, according to Mike Orr, author of the Greater Phoenix Housing Market Report and director of the W. P. Carey School’s Center for Real Estate Theory and Practice. Report -- August 2013 data
[podcast]
September, 2013 -- The Phoenix-area housing market – hit especially hard during the recession – began a slow march back to normal in July, according to Mike Orr, author of the Greater Phoenix Housing Market Report and director of the W. P. Carey School’s Center for Real Estate Theory and Practice. Report -- July 2013 data
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…