A year after new groundwater limits, booming suburbs are looking for ways to keep growing
An ASU real estate expert discusses home development in the Arizona.
In this article published May 20, 2024, on KJZZ:
It will be difficult to get new lots approved far enough in advance of market need that we don't have a supply problem. We already have an affordability and an attainability problem in this marketplace. That will exacerbate matters really significantly, and then that begins to put a damper on our economic development.
– Mark Stapp, Fred E. Taylor Professor in Real Estate, executive director of the Master of Real Estate Development program, and director of the Center for Real Estate Theory and Practice
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