Obama in Phoenix: Housing market now driving economy

Reporting on President Barack Obama’s January 8 visit to Phoenix, USA Today quoted Mike Orr, director of the Center for Real Estate Theory and Practice, on the president’s announcement that FHA mortgage insurance rates will drop.

Reporting on President Barack Obama’s January 8 visit to Phoenix, USA Today quoted Mike Orr, director of the Center for Real Estate Theory and Practice, on the president’s announcement that Federal Housing Administration mortgage insurance rates will drop.

From USA Today, January 8, 2015: “Mike Orr, real estate analyst with the W. P. Carey School of Business at Arizona State University, said lower insurance premiums is ‘a step in the right direction’ to helping more people buy.”

About Mike Orr

Mike Orr is frequently called on for interviews about the hard-hit Phoenix-area housing market. Orr's popular Cromford Report offers daily analysis of Phoenix-area real estate. As director of the school’s Center for Real Estate Theory and Practice, he is in high demand for media commentary about home sales and foreclosures. His work has appeared in The Wall Street Journal, Bloomberg Businessweek and many other media outlets.