Media Archive
April 2013
Phoenix moves from bust to boom, but first-time homebuyers face hurdles, April 2, 2013 - The Washington Times. Mike Orr, director of Arizona State University’s real estate center, discusses prices that keep housing inventory out of reach for first-time homebuyers.
More Millenials embrace idea of embrace idea of homeownership, April 2, 2013 - USA Today College. Michael Orr, the director of the Center for Real Estate Theory and Practice at Arizona State University explains the fiscal intelligence of buying versus renting for Millenials.
Number of Arizona home sales slows, but value of sales has risen, April 3, 2013 - Cronkite News. Mike Orr, director of Arizona State University’s real estate center, discusses his latest housing report and market for first-time buyers.
Will wise men save Italy?, April 4, 2013 - Bankrate. Werner Bonadurer, clinical professor of finance at the W.P. Carey School of Business at Arizona State University, tells of how economic downfalls have not been tough enough for Italians to really see that it's now up to them to be very serious about reforming government.
March 2013
Phoenix Rising Like…Well, A Phoenix, March 4, 2013 - PUBLICATION. Mark Stapp, director of the real estate development program for the W.P. Carey School of Business at Arizona State University, discusses Phoenix metropolitan area’s housing recovery.
ASU students envision brighter future for downtown Gilbert, March 5, 2013 - The Arizona Republic. MRED students give a presentation to Gilbert officials about how they can improve Gilbert’s downtown area.
Phoenix metro home prices slightly dip, March 8, 2013 - The Arizona Republic. Discusses Director of the Center for Real Estate Theory and Practice at the W. P. Carey School of Business Mike Orr’s most recent housing report.
ASU: Phoenix-area home prices surge 35%, March 8, 2013 - Phoenix Business Journal. Director of the Center for Real Estate Theory and Practice at the W. P. Carey School of Business Mike Orr discusses his newest housing report and future prices.
Is rise in billionaires beneficial?, March 9, 2013 - The Arizona Republic . W. P. Carey Finance Professor Werner Bonadurer discusses rise in billionaires.
Blackstone Crowds Housing Market as Rental Gains Slowing, March 18, 2013 - Bloomberg Businessweek. Director of the Center for Real Estate Theory and Practice at the W. P. Carey School of Business Mike Orr discusses Phoenix home prices as they relate to slowing rental gains.
How the Fed fuels stock prices, March 19,2013 - Bankrate.com. Herbert Kaufman, professor emeritus at W. P. Carey School of Business discusses the Federal Reserve’s effects on stock prices.
With building resurgence, home buyers find new design options, March 24, 2013 - East Valley Tribune. Mark Stapp, the director of the Master of Real Estate Development program at the W. P. Carey School of Business, discusses new design options for home construction.
February 2013
Year-End Phoenix-area Housing Report: 2012 Numbers & Look Ahead at 2013, February 7, 2013 - Commercial Executive Magazine. Discusses Director of the Center for Real Estate Theory and Practice at the W. P. Carey School of Business Mike Orr’s recent housing report.
Home Prices Rise in 88% of U.S. Cities as Recovery Gains, February 12, 2013 - Bloomberg Businessweek. Director of the Center for Real Estate Theory and Practice at the W. P. Carey School of Business Mike Orr discusses Phoenix foreclosures and short sales.
Homebuilder ETFs Jump 4% on Rising House Values, February 12, 2013 - PUBLICATION. Director of the Center for Real Estate Theory and Practice at the W. P. Carey School of Business Mike Orr discusses Phoenix foreclosures and short sales in conjunction with ETFs.
January 2013
Median home price in metro Phoenix still on rise, January 11, 2013 - The Associated Press. This article discusses the most recent housing report released by Mike Orr, director of the Center for Real Estate Theory and Practice at the W. P. Carey School of Business. This article was picked up by several prominent news sources such as Bloomberg Businessweek and Yahoo! Finance.
For more articles featuring this report, please read the following:
Phoenix housing market may be headed for ‘chronic supply problem’, January 10, 2013 - Phoenix Business Journal.
Report: ‘Ordinary’ buyers reign in Phoenix housing market, January 10, 2013 - CBS 5.
Phoenix luxury home market slowly recovering, January 14, 2013 - Phoenix Business Journal.
Las Vegas expansion continues for Firehouse Subs, January 15, 2013 - Las Vegas Business Press. W. P. Carey School of Business Assistant Professor of Real Estate Andra Ghent’s research on mortgage laws is cited and discussed.
As prices rise, rental home investors seek new markets, January 22, 2013 - USA Today. Mike Orr, director of the Center for Real Estate Theory and Practice at the W. P. Carey School of Business discusses investor trends.
Study: Should Plan Sponsors Wait Before Deciding to Terminate Investment Management Firms?, January 25, 2013 - Nerd Wallet. W. P. Carey School of Business Finance Professor Sunil Wahal’s study on fired investment managers.
Prices are up, but homes are in short supply, January 28,2013 - USA Today. Mike Orr, director of the Center for Real Estate Theory and Practice at the W. P. Carey School of Business discusses the current housing supply.
December 2012
Phoenix-area home prices up 34% in a year, new home sales up 85%, December 3, 2012 - Phoenix Business Journal Michael Orr, director of real estate research at W. P. Carey school of business, discusses his newest housing report.
Phoenix grapples with building preservation amid legal threats, December 7, 2012 - Phoenix Business Journal. Executive Director of the Master of Real Estate Development Program at the W.P. Carey School of Business Mark Stapp talks about a historic preservation in Arizona.
The New Luxury Home Market, December 2012 - Greater Phoenix inBusiness Magazine. Assistant Professor of Real Estate Andra Ghent of the W. P. Carey School of Business explains how mortgage laws have affected the luxury home market.
Investors fuel U.S. housing recovery, December 13, 2012 - CBS Money Watch. Mike Orr, director of the Center for Real Estate Theory and Practice at the W. P. Carey School of Business discusses how investors are fueling the reduction in housing inventory.
Home Builder confidence reaches 6-year high, December 18, 2012 - Phoenix Business Journal. Article discusses home builder confidence and the latest housing report from Mike Orr, director of the Center for Real Estate Theory and Practice at the W. P. Carey School of Business
U.S. home prices to rise 3.1% in 2013, December 26, 2012 - Phoenix Business Journal. Article discusses latest housing report from Mike Orr, director of the Center for Real Estate Theory and Practice at the W. P. Carey School of Business.
Law’s expiration to have little impact in Arizona, December 28,2012 - The Arizona Republic. Mike Orr, director of the Center for Real Estate Theory and Practice at the W. P. Carey School of Business discusses the impending expiration of the Mortgage Forgiveness Debt Relief Act of 2007.
State laws can slow recovery, December 28, 2012 - The Arizona Republic . Assistant Professor of Real Estate Andra Ghent of the W. P. Carey School of Business further discusses research about how state laws are contributing to how their state recovers after the mortgage meltdown.
Market predictions for 2013 from our trusted prognosticators, December 31, 2012 - Silicon Valley Mercurynews.com. The most recent housing report from Mike Orr, director of the Center for Real Estate Theory and Practice at the W. P. Carey School of Business was mentioned in conjunction to California’s housing prognosis.
November 2012
Answers to market questions, November 2, 2012 - The Arizona Republic. Michael Orr, Director of the Center for Real Estate Theory and Practice at the W.P. Carey School of Business, answers interview questions about the state of the residential market.
Are we better off now? Depends, November 3, 2012 - The Arizona Republic. Michael Orr, Director of the Center for Real Estate Theory and Practice at the W.P. Carey School of Business, compares the current real estate market to 2008’s real estate market.
Arizonans without bank accounts surge by 50 percent, November 16, 2012 - Phoenix Business Journal. Anand Bhattacharya, a professor of finance at W. P. Carey School of Business, discusses Arizonans without bank accounts.
Paper: Foreclosure Laws Indebted to History, Not Economics, November 26, 2012 - The Wall Street Journal. Assistant Professor of Real Estate at W. P. Carey School of Business Andra Ghent’s new paper researches why states adopted specific disclosure laws and how those laws are impacting the housing market recovery. This paper has been picked up by numerous print and broadcast media sources, including the following:
How foreclosure backlogs could hurt home buyers, December 3, 2012 - MarketWatch.
New York, New Jersey Foreclosure Delays Threaten Housing Rebound, November 30, 2012 - The Street.
ASU expert: Mortgage laws holding up housing recovery, November 26, 2012 - Phoenix Business Journal.
Ruling OKs Ariz. law on sex-offender disclosures, November 27, 2012 - azcentral.com. Executive Director of the Master of Real Estate Development Program at the W.P. Carey School of Business Mark Stapp comments on the recent ruling upholding Arizona law.
Ariz. home prices jump in 3rd quarter, November 27, 2012 - Arizona Daily Star. Michael Orr, Director of the Center for Real Estate Theory and Practice at the W.P. Carey School of Business, discusses the “coiled spring theory”.
Housing’s recovery looks real, but road back is still long, November 28, 2012 - USA Today. Michael Orr, Director of the Center for Real Estate Theory and Practice at the W.P. Carey School of Business, discusses Phoenix housing market.
Foreclosure Wave Averted as Doomsayers Defied: Mortgages, November 29, 2012 - Bloomberg. Michael Orr, director of real estate research at W. P. Carey school of business, is quoted regarding current Phoenix housing market demand.
October 2012
Metro Phoenix home prices inch up in August, October 3, 2012 - azcentral.com. Mike Orr, director of the Center for Real Estate Theory and Practice at ASU discusses the latest report from the W. P. Carey School of Business. For further information on this subject, please view the following: Phoenix housing inventory rises as prices move higher, October 3, 2012 - Phoenix Business Journal. Phoenix real estate market sees increase in prices, supply, October 3, 2012 - azfamily.com.
Phoenix-area home prices, supply are slowly inching up, October 3, 2012 - ASU News. Mike Orr, director of the Center for Real Estate Theory and Practice at the W. P. Carey School of Business discusses his latest housing report.
Evolve becomes Memphis’ fastest-growing bank- by branching nationwide, October 4, 2012 - The Commercial Appeal. Anand Bhattacharya, a professor of finance practice at the W.P. Carey School of Business, discusses Evolve Bank & Trust’s financial positioning.
CoreLogic’s new method to measure shadow inventory causes higher numbers, confusion, October 10, 2012 - Phoenix Business Journal. Michael Orr, Director of the Center for Real Estate Theory and Practice at the W.P. Carey School of Business, discusses CoreLogic’s new methodology for identifying national shadow inventory.
Mortgage rates respond to new round of quantitative easing, October 11, 2012 - The Washington Examiner. Anand Bhattacharya, a finance professor at the W. P. Carey School of Business, discusses mortgage-backed securities.
Prop. 117 aims to simplify property-tax system, October 11, 2012 - The Arizona Republic. W. P. Carey School of Business real-estate analyst Mark Stapp discusses affects of Prop. 117.
Remodeling firms, retailers sense a rebound, October 13, 2012 - The Arizona Republic. Director of the Center for Real Estate Theory and Practice at the W.P. Carey School of Business Michael Orr’s recent report is discussed.
The Miller Group Awards Two 2012 Scholarships to Arizona State University Students, October 16, 2012 - Yahoo! Finance. Two finance students in the W. P. Carey School of Business were awarded with scholarships.
Phoenix Picked Clean, Private Equity Descends on Atlanta, October 17, 2012 - Bloomberg BusinessWeek. Michael Orr, Director of the Center for Real Estate Theory and Practice at the W.P. Carey School of Business, discusses Phoenix home prices in relation to the home prices in Atlanta.
MBA: Quirky, Inconsistent State Mortgage Laws Could Benefit from Standardization, October 23, 2012 - Mortgage News Daily. “The Historical Origins of America’s Mortgage Laws” by Andra Ghent, Assistant Professor of Real Estate is highlighted and discussed.
Fed noiselessly keeps rates low, October 24, 2012 - Bankrate.com. Werner Bonadurer, clinical professor of finance at the W.P. Carey School of Business at Arizona State University, discusses the effects of QE1, 2, and 3.
Stringent and contingent, October 25, 2012 - East Brunswick Sentinel. Mark Stapp, executive director of the master of real estate development program at the W.P. Carey School of Business, discusses contingencies.
Experts see metro Phoenix home prices increasing, October 28, 2012- azcentral.com. Michael Orr, Director of the Center for Real Estate Theory and Practice at the W.P. Carey School of Business, explains how he forecasts home prices. This story was also picked up by other publications including the Washington Examiner.
European sovereign debt crisis causes, October 29, 2012 - Bankrate.com. W. P. Carey School of Business clinical professor of finance, Werner Bonadurer, discusses factors that caused the European debt crisis. This article was also picked up by Yahoo! Finance among other publications.
Phoenix home values level off in September, but market still on upswing, October 31, 2012 - Phoenix Business Journal. Michael Orr, Director of the Center for Real Estate Theory and Practice at the W.P. Carey School of Business, discusses current housing market sales volumes and supply. For further information regarding this subject, please view the following: Oct. home prices expected to be up, October 31, 2012 - The Arizona Republic City home prices up 27 percent from 2011, October 29, 2012 - azcentral.com.
September 2012
Diverse Quarters Indicate Signs of Life for Housing Market, September, 2012 - InBusiness Magazine. Investors refer to Director of the Center for Real Estate Theory and Practice at the W.P. Carey School of Business Michael Orr’s recent report.
New home building in Valley shows ‘signs of life’, September 3, 2012 - East Valley Tribune. Research professor Lee McPheters, Director of the JPMorgan Chase Economic Outlook Center at the W.P. Carey School of Business and Michael J. Orr, Director for the Center of Real Estate Theory and Practice at the W.P. Carey School of Business discuss new home building in the Valley.
Surprise! Some Cities Are Actually Experiencing Housing Shortages, September 5, 2012 - Forbes. Director of the Center for Real Estate Theory and Practice at ASU's W.P. Carey School of Business Michael Orr discusses the decrease in Arizona’s residential real estate inventory.
Phoenix-area home-price dip called a ‘natural reaction’, September 6, 2012 - AZCentral.com. Michael Orr, Director of the Center for Real Estate Theory and Practice at the W.P. Carey School of Business, discusses current home prices and annual percentage growth.
Phoenix-area rental homes a red-hot commodity, September 12, 2012 - AZCentral.com. Michael Orr, Director of the Center for Real Estate Theory and Practice at the W.P. Carey School of Business, discusses the trend of purchasing rental homes in Phoenix.
More than 500,000 Arizona homeowners under water on mortgage, September 12, 2012 - Phoenix Business Journal. Michael Orr, Director of the Center for Real Estate Theory and Practice at the W.P. Carey School of Business, discusses home value estimates.
Housing on Mend, but Full Recovery Is Far Off, September 14, 2012 - The Wall Street Journal. Director of the Center for Real Estate Theory and Practice at the W.P. Carey School of Business Michael Orr’s recent report is discussed. <
Banking usage in Arizona declines, September 15,2012 - The Arizona Republic. Anand Bhattacharya, a professor of finance practice at the W.P. Carey School of Business, discusses reasoning behind the trend of Phoenix residents being unbanked or underbanked.
New Jersey Housing Suffers as Defaults Exceed Nevada: Mortgages, September 18, 2012 - Bloomberg. Michael Orr, Director of the Center for Real Estate Theory and Practice at the W.P. Carey School of Business, discusses the east coast’s foreclosure system in comparison with Arizona’s improving situation. Similar articles can be found in Financial Advisor, Financial Post, and The Star-Ledger.
Buying-Stringent and Contingent, September 18, 2012 - San Angelo Standard Times. Executive Director of the Master of Real Estate Development Program at the W.P. Carey School of Business Mark Stapp discusses housing contingencies.
The small towns where home price gains are big, September 29, 2012 - NBCNEWS.com. Professor Mark Stapp, Director of the Masters of Real Estate Development, discusses housing price increases in small towns.
August 2012
Fiserv Case Shiller predicting Phoenix home values to decline, August 6, 2012 - Phoenix Business Journal. Masters of Real Estate and Development Director Mark Stapp comments on recent flaws regarding strict dependence on research.
Glendale has few options on Jobing.com Arena, August 8, 2012 - The Arizona Republic. Professor Mark Stapp shares his opinions regarding the predicament surrounding Jobing.com Arena.
Metro Phoenix home prices ebb, August 9, 2012 - The Arizona Republic. Director of the Center for Real Estate Theory and Practice Michael Orr states how the housing market continues to be unbalanced due to the ratio of buyers to sellers, and shares how “the median price for single-family, detached homes sold in June was $150,000, compared with $147,000 in May and $116,000 in June 2011.”
Phoenix-area home prices up only slightly in June, August 9, 2012 - The Washington Examiner. Professor Michael Orr discusses a report released in early August by Arizona State University regarding the housing market’s slowing increase of home prices.
Why We Should All Care How Our Projects Impact the Community, August 13, 2012 - americanbuildingtoday.com. Mark Stapp, director of the Master of Real Estate Development program within W. P. Carey School of Business, writes about real estate development’s impact on the surrounding community.
Expiring debt relief could impact short-sale market, August 15, 2012 - inMaricopa.com. Michael Orr, Director of the Center for Real Estate Theory and Practice within W.P. Carey School of Business at Arizona State University, discusses findings of June 2012 reports with reported and the Mortgage Fairness Debt Relief Act of December, 2007.
The Incredible Disappearing Home Inventory, August 17, 2012 - The Wall Street Journal. Professor Michael Orr discusses how the decrease in homes for sale impact the numbers of offers by increasing the amount of offers and often how the offers exceed the asking price.
ASU W.P. Carey School launches online real estate certificate program, August 20, 2012 - Phoenix Business Journal. Mark Stapp, Fred E. Taylor Professor in Real Estate and Executive Director of W. P. Carey’s Masters of Real Estate and Development program, introduces new 9-month online certificate program for real estate professionals.
Price of average Arizona home rose more than any other state in past year, August 23, 2012 - East Valley Tribune. Director of the Center for Real Estate Theory and Practice at W. P. Carey School of Business Michael Orr discusses Phoenix housing market in comparison to the nation.
Local homebuilder offers a new program to help you buy, August 24, 2012 - AZFamily.com. Director of the Master of Real Estate Development Mark Stapp discusses the Smart Move Advantage program and the Phoenix home building market.
ASU real estate program offers degree to help agents grow despite industry shifts, August 25, 2012 - East Valley Tribune. Developer and instructor at the W.P. Carey School of Business, Mark Stapp discusses ASU’s new Real Estate Development Certificate program that will help agents better position themselves.
July 2012
'Better than the stock market', July 12, 2012 - Calgary Herald. W. P. Carey's Professor Michael Orr discusses findings of April 2012 report along with how the market is currently opportune for home sellers.
Home builders eye land, but analysts are skeptical, July 13, 2012 - Phoenix Business Journal. Director of Masters of Real Estate and Development Director Mark Stapp comments on the most recent developments in the real estate market.
Phoenix sets pace in national real estate recovery, July 16, 2012 - Yahoo! Finance. Director of the Center of Real Estate Theory and Practice Michael Orr states how sellers "hold the power in the Phoenix-area market."
Phoenix booms as Atlanta fades in uneven housing recovery, July 26, 2012 - Bloomberg. Professor Michael Orr comments on the recovering market and the seller’s advantage.
June 2012
Professor says Phoenix's commercial real estate lags, June 12, 2012 - MSN Money. Professor Mark Stapp shares his thoughts on commercial real estate in Phoenix and reasons why the city is "lagging" in the market recovery process.
Hard money moves in Phoenix housing market, June 15, 2012 - Phoenix Business Journal. Professor Anand Bhattacharya discusses with journalist Kristena Hansen residential and commercial real estate.
Greek parliamentary elections kicked off a global focus, June 18, 2012 - Southern Metropolis Daily. Professor Werner Bonadurer shares his insights with Chinese journalist Yong Jin. For English translation of article please click here.
ASU's W. P. Carey school forecasts recovery, June 20, 2012 - Arizona Builders Exchange. Master of Real Estate and Development's director Mark Stapp discusses future real estate market trends.
Phoenix real estate forecast: concern over too many investors, June 22, 2012 - AZcentral.com. Master of Real Estate and Development director Mark Stapp has Q & A session with AZCentral's reporter Catherine Reagor regarding current housing market worries.
The housing market's latest problem: lack of inventory, June 28, 2012 - Forbes. Professor Michael Orr discusses the current housing market in Phoenix and the most recent predicament, that being not enough homes on the market for buyers.
May 2012
Mejora el mercado de bienes raíces, May 4, 2012- La Voz Arizona. Michael Orr, director of the Real Estate Center at the W.P. Carey School of Business, was quoted in La Voz, a newspaper that covers the informational needs of the Spanish speaking community in Maricopa County.
Payday lenders find new avenues, May 6, 2012 - Arizona Daily Star. After the annual-interest-rate cap was implemented in 2010, payday loans were supposed to disappear, but lenders are finding new ways to charging rates of up to 400 percent on small loans. Department of finance professor Anand Bhattacharya comments on the situation.
Number of new-housing permits climb, May 8, 2012 - InMaricopa.com. As the issuing of housing permits in Maricopa County continues to rise, forecasters are wondering if this trend shows revival of the housing industry.
Drop in homes for sale is strengthening the prices in many spots, May 10, 2012 - USAToday.com. Professor Michael Orr comments on the decrease of homes for sale available in the Phoenix area.
Post-recession apartments follow new luxury trend, May 15, 2012 - East Valley Tribune. Director of Master of Real Estate Program shares opinions regarding new housing options for families in the post-recession era.
ASU: Phoenix housing market still bruised, but recovering, May 15, 2012 - Phoenix Business Journal. Professor Michael Orr observation comments on the upturn of the housing market and the role that first-time homebuyers and traditional home buyers play in the market.
How financial problems in Europe could impact the U.S., May 22, 2012 - AZFamily.com. Professor Werner Bonadurer discusses the impact that European countries, such as Greece, Italy and Spain, will have the U.S. in the years to come.
Outlook on jobs remains steady, May 16, 2012 - USAToday.com. Professor Michael Orr comments on how the market, job and housing, is in the "healing" process.
Big profits for home-flippers signal Phoenix-area rebound, May 25, 2012 - The Arizona Republic. Professor Michael Orr shares his thoughts on flipping houses; considers the process good for the housing market, individual home values and neighborhood values.
Phoenix area home prices on the rise, more supply needed - AZfamily.com. Professor Michael Orr's new report findings that include a jump in median home prices from April 2011 to April 2012, and Orr's thoughts on the future of the housing market.
Phoenix-area housing prices on the rise, May 31, 2012 - The Arizona Republic. Another article regarding Professor Michael Orr's recent report regarding housing prices in Phoenix including fewer housing for sale, declining foreclosures and more new-home sales.
March 2012
Luxury for your Loonie, March 6, 2012 - Global Calgary. Arizona, a popular Canadian housing market?
Dan Solin: An Open Letter to Jim Beard, Atlanta's CFO, March 7, 2012 - Best Financial News. Finance Professor Sunil Wahal was mentioned in a recent post regarding his paper 'The Selection and Termination of Investment Management Firms by Plan Sponsors'.
February 2012
Arizona gets $1.6 billion in mortgage fraud settlement, February 9, 2012 - Arizona Republic News. Following the national housing crash, Arizona officials announces settlements with large banks resulting in more than a billion dollars of aid for struggling homeowners. Mike Orr comments on the subject.
Faces of Foreclosure, February 12, 2012 - Greater Kashmir. Professor Jay Butler was recently quoted in a publication from India. He comments on the "American Dream" and how it still exists today, even with the housing market crash.
When Your DNA Dings Your ROI, February 22, 2012- Wall Street Journal. Stephan Siegal, Finance Professor, recently published a new research paper about how DNA can have an effect on the way we invest.
ASU: Phoenix housing market showing signs of recovery, February 23, 2012 - Phoenix Business Journal. According to a study recently released by ASU W. P. Carey School of Business, the housing market in the Phoenix metro area is showing signs of improvement.
January 2012
BofA makes an offer after 3TV stories on unhappy customer, January 13, 2012 - azfamily.com. Is stopping making home payments good advice? Mike Orr, director of Arizona State University's Center for Real Estate Theory and Practice, gives his advice.
ASU hires analyst to help public understand industry, January 21, 2012 - Valley & Sun. Mike Orr was recently appointed ASU's new director of the Center for Real Estate Theory and Practice.
Do hedge funds delay reporting results to save face?, January 27,2012 - Investment & Pensions Europe. New research by George Aragon of Arizona State University suggests there are significant biases introduced by delays to and clustering of performance reports to databases.
October 2011
Census: Vacancy, rental rates soar in AZ, October 7, 2011- Arizona Daily Star. Professor Anand Bhattacharya comments on the collapse of Arizona's housing market.
Census confirms Arizona's housing boom and bust among tops in nation, October 7, 2011 - AZ Capital Times. Finance Professor Anand Bhattacharya discusses recent trends in Arizona's housing crisis.
Holiday tenants mixed bag for northeast Phoenix retail sites, October 12, 2011- The Arizona Republic. Now that the holiday season is around the corner, mall and shopping center tenants are on the rise. Professor Mark Stapp states the pros and cons to the increase in tenants around the holidays.
Big Drop in Phoenix-area Housing Market Activity, October 12, 2011 - Various. A new report published by Professor Emeritus Jay Butler regarding the recent drop in Phoenix-area housing market activity receives extensive media coverage.
6 Things to Consider When Making a 'Lowball' Offer, October 15, 2011-Smart Money. Professor Emeritus Jay Butler talks about how to get the best possible price on a property purchase.
September 2011
Obama Targets Carried Interest to Pay for Job Bill, September 13, 2011 - Globe.St.com. Professor Mark Stapp gives his opinion on major growth drivers that Obama's new job bill should target.
Setting up for a Fall: Fantasy Pro Formas, September 15, 2011 - GlobeSt.com. Professor Mark Stapp cautions the validity of pro formas in conjunction with institutional investors.
Professor Jay Butler in the Press, September 12, 2011- September 19, 2011- Various. A recent report published by Professor Jay Butler regarding the spike in home foreclosures in the valley area receives significant press attention from valley wide reporters.
August 2011
Loss of home equity downsizes retirement for many, August 3, 2011 - USA Today. Professor Emeritus Jay Butler comments that many home investors will not fully recover until retirement age.
55-Plus Americans Facing Tough Financial Road to Retirement, August 10, 2011 - Financial Advisor. Professor Emeritus Jay Butler speaks of how Americans over the age of 55 are being affected in the current state of the economy.
Finally, Phoenix-area Foreclosure Rate Falls Below 30 Percent, August 11, 2011 - ASU W. P. Carey Press Release. Professor Emeritus Jay Butler comments on report from W. P. Carey and the fact that the foreclosure rate has dropped to 29 percent.
ASU's W. P. Carey adding three new degrees, August 15, 2011 - Phoenix Business Journal. W. P. Carey School of Business offers three new degrees this fall: public service, real estate and information technology.
Investors shrug off warnings that Valley housing market hasn't hit bottom, August 13, 2011 - East Valley Tribune. Professor Emeritus Jay Butler and Executive Director of ASU's MRED program, Dr. Mark Stapp, are featured in this article that questions whether or not the housing market has hit bottom and how foreclosure rates are finally below thirty percent.
Decline in home values means later retirement, August 20, 2011 - Delaware Online. Professor Emeritus Jay Butler gives his opinion on how many of those planning on retiring will have to wait longer due to the current housing economy.
Home Price Decline Keeps Arizona In the Bottom Nationally, August 24,2011 - East Valley Tribune. Professor Butler comments on the continuous plunge of Arizona's housing market.
July 2011
ASU Realty Professor Jay Butler Retires, July 2, 2011 - AZCentral.com. The prosperous career of long time professor Jay Butler is discussed as he announces his retirement.
Luxury Real Estate: How to Snag a Deal on a Foreclosure or Short Sale, July 5, 2011 - Reuters.com. Executive Director of ASU's MRED program, Mr. Mark Stapp adds to the discussion on luxury real estate foreclosures and short sales that one must not be too picky because often in high end homes the design is ultra specific to the original owner; being flexible with taste will help to land a luxury foreclosure or short sale.
Goodyear Struggling to Aid Remote Community, July 8, 2011 - The Arizona Republic. Executive Director of ASU's MRED program, Mr. Mark Stapp comments on how it becomes difficult for a city to bear the expenses of the expanding peripheral communities when development stalls.
Phoenix Area Foreclosures Are Down Again, July 13, 2011 - The Arizona Republic. Professor Butler comments that the recent report shows positive news for the housing market with another consecutive month of lower foreclosure rates.
How to Fix the Commercial Real Estate Problem, July 21, 2011 - San Tan Valley Today. Executive Director of ASU's MRED program, Dr. Mark Stapp gives his opinion on the current housing market and states that people tend to get into sticky housing situations by overlooking the basics.
Stuck in Phoenix, the epicenter of housing crisis, July 27, 2011 - Marketwatch. Professor Emeritus states that no one could have foreseen the market being in such a terrible state as it is, and gives his opinion that he sees "no significant recovery for two more years."
Markets' calm giving way to worry over debt, July 28, 2011 - The Arizona Republic. Kaufman states how if the government were to increase interest rates it would have a negative effect on the housing economy.
Real-estate expert sees disconnect in lending, July 31, 2011 - The Arizona Republic. Executive Director of ASU's MRED program, Dr. Mark Stapp states how communities relying less on corporate lending institutions and reverting to "local investors funding local development."
June 2011
American Dream Over? At Least for a While, Housing Experts Say, June 1, 2011 - The East Valley Tribune. Although predictions expect owning a home to be out of reach for the future generation, Professor Butler says that those predictions have come and gone before without real merit, and he expects that because owning a home is ingrained in the American psyche, little will change.
ASU: Foreclosure Sales Dropping Around Phoenix, June 12, 2011 - Phoenix Business Journal. Professor Butler's latest real estate report shows that foreclosures are making up less of the overall home transactions than in previous months.
Home Resale Prices See Slight Rise, June 22, 2011 - Your West Valley News. Professor Butler's report showed that the number of homes sold in the Surprise area stayed similarly strong in May as in April and showed a slight increase in price.
Buckeye Verrado House Is At Leading Edge of Growing Energy-Saving Trend, June 28,2011 - The Arizona Republic. Professor Butler explains how buyers are interested in getting the most for their money which means the green home trend has become quite appealing.
May 2011
ASU Report Shows Phoenix Commercial Real Estate Sector Is Improving, May 3, 2011 - Phoenix Business Journal. Professor Guntermann's latest report shows a rebounding commercial real estate market, which has been overshadowed by the downward trends of the residential market.
ASU Study Finds Commercial Real Estate Rebound Gaining Traction, Prices Finally Rising, May 4, 2011 - The Republic. The latest commercial real estate report by Professor Guntermann shows that investors are focusing on the commercial market where price cuts have attracted those looking for long term investments and thus, the market showed a significant annual increase.
Hammered Housing Market May Be Flattening, May 5, 2011 - Phoenix Business Journal. With each positive glimmer that shines through from the housing market, there is a negative sign opposing it; Professor Jay Butler attempts to clear up what is going on in the market and what all of these signs mean.
ASU Professor: Peoria Housing Market Likely to Be Slow to Recover, May 9, 2011 - The Arizona Republic. Professor Jay Butler speaks with the Peoria City Council explaining the state of the housing market and what is expected in the recovery process.
Phoenix Area Home Foreclosures Decline in April, May 10, 2011 - Phoenix Business Journal. A report published through ASU and by Professor Butler highlighted how the number of home foreclosures in the Phoenix area dropped for the second month in a row.br />
Census Paints a Bleak Picture of Arizona Housing, May 11, 2011 - Ahwatukee Foothills News. Professor Butler comments on the results of the census which showed over 400,000 empty homes at the time of data collection and what that actually means.
Landlords the Big Winner in this Housing Market, May 18, 2011 - MyFoxPhoenix.com. Professor Butler comments that the rise in rental properties is good for the market, and former homeowners who have lost their homes in the crisis make for great tenants.
April 2011
Home Prices, Foreclosures Drop in Phoenix, April 19, 2011 - Phoenix Business Journal. Professor Butler and his real estate report show that percentage of foreclosures making up the resale figures is lower, but the median home price for the Phoenix area continues to drop.
Cash Buyers Competing for Phoenix's Bargain Priced Existing Homes, April 22, 2011 - Phoenix Business Journal. Professor Butler participates in the discussion on how low home prices, especially those under $200,000, are creating bidding wars between second home buyers and investors.
Maricopa County Housing Market Showing Some Life, April 24, 2011 - The Arizona Republic.Professor Butler comments about a concern that dropping median home prices will lead some who are underwater with mortgages and payments to give up and walk away, which would have more detrimental effects on the market.
March 2011
ASU Housing Report Shows Rising Foreclosures, March 9, 2011 - Phoenix Business Journal. As the median home price continues to drop, Professor Butler is interviewed in response to his report and the number of foreclosures making up the total number of home resales.
Phoenix-area Foreclosures Still Dominate Home Resales, March 10, 2011 - The Arizona Republic. The findings from Professor Butler's ASU housing report show that foreclosures still make up significant number of the resale properties.
Money Pit: Housing Market Stuck in Depression, March 24, 2011 - FoxBusiness.com. Professor Butler's ASU real estate report is referenced in the national discussion of the depressed real estate market.
February 2011
Phoenix Foreclosure Share Up to 43% of Sales, February 9, 2011 - Phoenix Business Journal. The research presented by Professor Butler shows the increase in foreclosures, and he asks the important question of whether the rise in foreclosures is a fluke, or an indicator of a still foreclosure dominated market.
Phoenix-area Foreclosures Spike in January: ASU Report Says, February 10, 2011 - AZCentral.com. After three fairly steady months, Professor Butler's report shows a sharp increase in the valley's foreclosure rate.
Road to Recovery, Economy Up Turn, February 23, 2011 - 12News NBC. Dr. George Olander appeared on the 12 News Morning Show to discuss the road to financial recovery for the valley.
January 2011
Downtown Phoenix Condos to Be Converted into Apartments, January 4, 2011 - The Arizona Republic. In discussing the reason for the failed condo building attempt and the need to turn the project into apartments, Professor Jay Butler contributes the statistic that the median resale price for condos has dropped significantly and is deterring buyers.
Facing Scrutiny, Banks Slow Pace of Foreclosures, January 8, 2011 - The New York Times . Professor Guntermann is quoted as saying "anything that buys time…is helpful" in reference to the decline in foreclosures, due to hesitation from banks, and its overall effect of the housing market.
Phoenix Housing Market in 2010: No Rise from the Ashes, January 14, 2011 - Housingwire.com. Professor Jay Butler's housing report for 2010 showed a decrease in home sales and an increase in the percentage of foreclosures; the Phoenix housing market has yet to start a recovery.
Phoenix Home Prices Drop Again in December, But ASU Prof Says Worst Likely Over, January 27, 2011 - TheRepublic.com. Although home prices dropped again during the month of December, Professor Guntermann provides hope that the worst is over.
Phoenix-area Housing Recovery Pushed Back Again as Jobs Lag, Foreclosures Mount, January 28, 2011 - AZCentral.com. Information from Professor Butler's real estate study was used to help understand the current woes in the housing market.
December 2010
Phoenix Home Prices Attract 20-Somethings, December 3, 2010 - AOL Real Estate. The median home price in the valley continues to drop, as shown by Professor Guntermann's study, and the lower prices are attracting younger buyers.
Foreclosures, Home Sales Fall in Metro Phoenix, December 10, 2010 - Bloomberg BusinessWeek. Dr. Jay Butler's report shows that foreclosures made up only 30% of the home sales in the month of November; this is down significantly from previous months.
Home-sale Activity Was Slow in November, December 10, 2010 - AZCentral.com. Professor Butler is cited as predicting a slow down in November due to recurring seasonal slumps and the lifted moratoriums on home foreclosures.
The 5 States With the Most Underwater Homeowners, December 13, 2010 - Homebuyinginstitute.com. Professor Guntermann's study is cited as showing that the home crisis in the Phoenix-metro area is experiencing a double dip.
After A Reprieve, European Debt Woes Return To Hit Euro, December 15, 2010 - The New York Times. Professor Emeritus Herb Kaufman is quoted through the article discussing the current issues that are up against the euro.
Phoenix-area Home Prices Down for the Fourth Month, December 16, 2010 - KTAR.com and The Associated Press. Professor Guntermann's study showed that the home prices in the valley continued to drop, and he expects them to continue decreasing for another few months. However, he is also mentioned as saying that he believes the worst is over.
Commercial Real Estate Was Flat in '10, December 20, 2010 - The Arizona Republic. According to Professor Guntermann and his yearly study, the commercial real estate market barely made any signs of change during 2010 in all areas except apartment buildings.
2010: An Arizona Perspective, December 26, 2010 - The East Valley Tribune. Professor Guntermann shows how although residential real estate and home prices continues on a downward path, it appears that commercial real estate has leveled off and possibly started a recovery.
Top Arizona Stories of 2010, December 30, 2010 - The Arizona Republic. Both the study produced by Professor Butler and the study produced by Professor Guntermann were used to explain the statistics of the home crisis during 2010.
European Debt Crisis Puts Pressure on the Continents Currency, December 30, 2010 - International Business Times. Professors Bharath, Bhattacharya and Bonadurer were all quoted throughout the article discussing the current debt crisis in Europe and what that means for the future.
11 Money Prophecies for 2011, December 31, 2010 - Mainstreet.com. Professor Bhattacharya was quoted in Prophecy 2 suggesting a decrease in the unemployment rate to around 9% in the second half of 2011. Professor Butler was quoted in two prophecies regarding real estate and was the bearer of bad news when he projected that the housing market would not show real signs of recovery.
November 2010
China Ratings Agency Downgrades U.S. After Fed Move, November 9, 2010 - The New York Times. Professor Kaufman comments on the Dagong Global Credit Rating Company and why they downgraded the United States' sovereign credit rating.
Phoenix Home Prices Falling, November 12, 2010 - Ahwatukee Foothills News. Professor Guntermann's report shows that Phoenix area home prices dropped an additional 4% in September following a 2% drop in August.
Foreclosures Mounting in Phoenix, November 15, 2010 - Phoenix Business Journal. Professor Butler's report showed that in October 2/3 of homes sold were either foreclosures or previously foreclosed homes- this does not bode well for the real estate market in the area.
Metro Phoenix's Home Sales Drop in October, November 16, 2010 - Forbes.com . Professor Butler's real estate report showed that home sales dropped again in October, and claimed that the influences for the drop in sales started before the flaws in the foreclosure process were revealed.
Phoenix-area Housing Double Dip Looms, November 30, 2010 - AZcentral.com. Professor Guntermann gives hope that although the market might go through a double dip, the positive strides in unemployment in the Phoenix-area will bode well for the future of the housing market.
October 2010
Phoenix Area Home Prices Down 2% In August, October 7, 2010 - Yourwestvalley.com. The RSI (Repeat Sales Index) report published by Professor Guntermann showed a 2% drop in valley home prices from August 2009 compared with August 2010.
Downturn Has Hurt Even Tonier Parts of the Valley, October 21, 2010 - azcentral.com. Professor Jay Butler comments on the recent decline of higher priced homes in more expensive neighborhoods and why the higher price market was delayed in joining the crisis.
September 2010
Real Estate Experts: 50% of Valley Homes Underwater, September 9, 2010 - ABC15.com. Professor Jay Butler explains that some reports have stated that more than 50% of home buyers are most likely underwater, and that at this point everyone thought the market would be making positive steps, but it appears the opposite is happening.
Phoenix Housing Market Lacks Supply of Homebuyers, September 9, 2010 - AZCentral.com. Professor Jay Butler weighs in on the discussion of the current problems in the Phoenix housing market: too many homes for sale and not enough buyers.
Glut of Valley Rental Homes Results In Lower Prices, Leave Concessions, September 17, 2010 - Phoenix Business Journal. The over abundance of rental homes in the valley is forcing people to lower prices and give more leniency in the lease contracts.
ASU Researchers Say Falling Home Prices and Foreclosures Cloud Phoenix Home Market, September 20, 2010 - The Republic. An ASU report by Professor Jay Butler found that 45% of home sales for the month of August were foreclosures, and August was the third consecutive month that the median home price dropped.
Dropping Prices, Foreclosures Add to Housing Woes, September 20, 2010 - KTAR.com. Researchers from Arizona State University show that home sales have slowed down towards the end of the summer with August, which only showed 4,100 homes sold, down from the previous two months. The report also showed a rise in foreclosures and a drop in median home price in the valley.
August 2010
Phoenix-Area Home Prices Gradually Improving Overall, August 2, 2010 - AtHomeAz.com. A report by Professor Karl Guntermann shows that the foreclosure and non-foreclosure indices are moving in opposite directions, meaning that homes in foreclosure are showing price increases while non-foreclosure home prices are still dropping.
Remodels Gaining Steam in Northeast Valley, August 3, 2010 - The Arizona Republic. Professor Karl Guntermann is quoted discussing the remodel market and how it currently has plenty of opportunities because of the amount of foreclosed homes selling.
ASU Professor: AF Spared Some Pain of Deepening Foreclosure Crisis, August 21, 2010 - Ahwatukee Foothills News. Professor Jay Butler's recent realty report shows that although the valley is plagued by foreclosures, the market in Ahwatukee Foothills appears to be improving.
National Association of Realtors: Existing Home Sales Across U.S. Drop Sharply, August 24, 2010 - Phoenix Business Journal. Professor Jay Butler and the ASU report quoted as showing Maricopa County sales of existing homes down "dramatically."
July 2010
No Clear Trend on Resales, July 9, 2010 - The Arizona Republic. Professor Butler explains how the recent report does not provide any concrete information, providing both positive and negative data.
Phoenix Foreclosures Rise from May to June, July 8, 2010 - Phoenix Business Journal . Professor Butler explains how the percentage of foreclosures sold out of the total home resales in June went up from May, indicating housing crisis still present in the valley as people choose to walk away from their homes.
Sun City Model Imitated All Over U.S., World, July 3, 2010 - AzCentral.com . Michelle Mace-Basha, a faculty associate, discusses how others "started to see the opportunities" in Sun City and communities like it, thus using it as a model for their own retirement communities.
Markets Media Global ATS Review, 2010 - Markets Media. Professor Sunil Wahal adds insight to the Review.
June 2010
ASU: Home Prices Likely to Remain Flat, June 16, 2010 - Phoenix Business Journal. Professor Guntermann explains the Real Estate Sales Index Report and how the data is positive and showing slight increases; however, Professor Guntermann explains that it is likely that the market will stabilize and remain flat for a period of time.
Home Price-Index for Valley Up for Second Month in Row, June 16, 2010 - AZCentral.com. Professor Guntermann discusses the effect of home foreclosures on the future progress of the market.
Jay Butler and David Hoffman Horizon on Channel 8 PBS, June 16, 2010 - Horizon, PBS. Professors Jay Butler and David Hoffman discuss the job and real estate markets in Phoenix.
Number of Home Foreclosures in the Valley is Finally Declining, June 9, 2010 - AZBigmedia.com. Professor Jay Butler discusses how the percentage of foreclosures in the overall sales data for the real estate market is declining.
Foreclosures Fell in Valley for May, June 9, 2010 - AZCentral.com. Professor Butler discusses how the market is at a breaking point. The foreclosures were down 7% from March, but will it continue or was this just a fluke?
Mesa's Age-Restricted Communities Buck Housing Trend, June 7, 2010 - AZCentral.com. Professor Jay Butler discusses how age-restricted retirement communities have retained much of their value during the housing crisis.
Fox 10 News at Noon, June 10, 2010 - FOX 10 News Phoenix. Professor Jay Butler joins Fox 10 News at Noon for questions regarding the real estate market.
China's Yuan Move Ups Ante on U.S. Bond Market Risks, June 23, 2010 - Reuters. Professor Emeritus Herbert Kaufman adds his expertise to the commentary on what could happen to interest rates and inflation when China attempts to provide more flexibility to the Yuan.
May 2010
ASU: Housing Prices in Phoenix Up 5.5%, May 12, 2010 - Newsday.com. Professor Jay Butler and his ASU report show that Phoenix home prices are on the rise due to several contributing factors.
Home-price Drop Still Steep in North East Valley, May 13, 2010 - Arizona Business Gazette. Professor Karl Guntermann and the Repeat Sales Index report are quoted discussing how in the North East Valley and with higher priced homes, the rate of decline has not slowed down significantly.
Mortgage Rates at Lowest Level of the Year, May 13, 2010 - Phoenix Business Journal. Professor Jay Butler's Realty Studies Report is referenced in the article in regards to the increase in the median home price in the valley, and the article in turn explains how the low mortgage rates have continued to spur buyers even without the government tax credit.
Home Prices Show First Yearly Increase, May, 27, 2010 - MyFoxPhoenix.Com. The preliminary data from Professor Guntermann's Real Estate Report shows the first price increase year-over-year. Professor Guntermann says the results are positive, but it is more likely to see continuing stabilization rather than increase.
Expert: High-end Valley Homes Stabilizing, May 28, 2010 - AZCentral.com. Even though national reports are saying that home prices will be going through another dip, Professor Karl Guntermann suggests that Valley high-end home prices are stabilizing.
Jay's Knowledge, May 14, 2010 - International Business Times. Real Estate Professor Jay Butler presents a podcast on the status of the real estate market in Phoenix.
April 2010
Report: Some Arizona Home Prices Going Up, April 28, 2010 - BusinessWeek. In describing the results of the ASU Repeat Sales Index report, Professor Karl Guntermann is quoted commenting on the findings.
Reports: Phoenix Housing Values Improve, April 27, 2010 - Phoenix Business Journal. Professor Karl Guntermann explains aspects of the ASU Repeat Sales Index that show that the housing crisis appears to be leveling off and progress is ensuing.
Arizona Home Values May Depend on Mindset of Buyers, April 25, 2010 - The Arizona Republic. Professor Jay Butler is quoted in this discussion on the current state of the real estate market in Arizona saying that home owners in the valley got carried away with betting on the predicted increase in home appreciation, eventually leading to a collapse.
Peoria Council OKs $51,000 for Consultant to Lure University, April 25, 2010 - AZCentral.com. Professor Jay Butler adds in on the discussion of the helpfulness of a consultant in luring a University to a new area.
Good Evening Arizona, April 7, 2010 - KTVK Channel 3 News, Good Evening Arizona. Professor Jay Butler speaks with Good Evening Arizona regarding the current housing crisis in Arizona and how there is no real way to predict the future because the state has never been in this situation before.
March 2010
CBS 5 News, March 26, 2010 - KPHO (CBS) 5 News, Phoenix . Professor Karl Guntermann's real estate report published through W. P. Carey School of Business is mentioned. The report shows that the valley home prices are not dropping as quickly as they once were, and there is the possibility of a leveling off in the spring.
Report: Valley Resale Prices are Leveling Off, March 26, 2010 - The Arizona Republic. Despite the numerous home owners who are still struggling and are on the brink of foreclosure, the ASU Repeat Sales Index report shows a slowing in the falling prices of homes in the valley. Professor Karl Guntermann is quoted saying, "if the present trend continues, prices will level off later this spring."
America's Most Underwater Housing Markets, March 18, 2010 - U.S. News and World Report. Professor Jay Butler is quotes discussing how during the real estate boom in Phoenix people were influenced from multiple directions to take part in the real estate market, and it ultimately backfired with a high foreclosure rate once prices dropped.
Expert: Resales Spurred by Foreclosures Bad for Valley, March 18, 2010 - azcentral.com. Professor Jay Butler explains how a high number of foreclosure sales in the real estate market is a bad thing and does not accurately portray current market conditions.
Foreclosures Slowing But Still Drive Market, March 17, 2010 - Phoenix Business Journal. This article discusses the fact that foreclosures are still driving the Arizona real estate market. Professor Jay Butler comments that a slow recovery in the job market is affecting the ability of homeowners to pay their mortgages and stay out of foreclosure.
Tempe's Tallest Towers Face Auction, Will They Ever Open?, March 14, 2010 - ABC15.com. Professor Jay Butler comments on the fact that the Centerpoint Condo Towers are going to be auctioned off due to foreclosure and that part of the problem is that the high rise market never really existed in Tempe, thus hindering the effort of the builder to sell all of the units.
February 2010
A Long Road: The Worst May Be Past, But the Valley's Housing Troubles are Far From Over, February 2010 - AZ Business Magazine. Professor Jay Butler discusses the record-setting year for home sales in 2009 and warns it is not as positive as one might think because 60% of home sales were attributed to foreclosure or bank owned properties compared to the normal average of 5%.
12 News Today, February 27, 2010 - KPNX Phoenix NBC 12 News Today. Professor Karl Guntermann is quoted in a television transcript discussing the housing market and the possibility of a recovery.
Fox 10 News at 6, February 24, 2010 - Fox 10 News at Six. Professor Karl Guntermann speaks on Fox 10 News at Six predicting a shift to a stable housing market starting in the spring.
Home Pain: Values Fall While Taxes Might Rise, February 14, 2010 - AZCentral.com. Professor Jay Butler comments that traditionally when home values steeply decline, as they are expected to this year with the Maricopa County property assessments, owners expect their taxes to decline as well; however, that might not be the case this year when the State budget is in turmoil, taxes might be raising in an attempt to offset that.
ASU: Market Is Still Driven By Foreclosures, February 12, 2010 - AZCentral.com. Professor Jay Butler comments that the ASU report shows that foreclosure activity was still dominating the real estate market.
ASU Report: Foreclosures still impacting sales, February 11, 2010 - Phoenix Business Journal. Professor Jay Butler comments on the ASU report that showed foreclosure activity was not slowing down.
Effects of U.S. Stimulus Are Debated, February 5, 2010 - The Arizona Republic . Professors Edward Prescott and Jay Butler comment on the economy and the effect or lack there of that the stimulus plan has had a year after its inception.
January 2010
Phoenix Foreclosures Set Record in 2009, January21, 2010- International Business Times. Professor Jay Butler comments on the 2009 Realty Studies Report and says recovery is relative and stability in the market still might take awhile.
Phoenix Real Estate- Has It Hit Bottom?, January 20, 2010 - BLOG: Tips and Advice on Real Estate Investing. Professor Jay Butler discusses how on paper the 2009 resale volume is comparable with the market boom in 2005, but for dangerous reasons: foreclosed homes.
Home Resales Rise; Prices Drop, January 15, 2010 - Yourwestvalley.com . Professor Jay Butler comments on the ASU report that showed a rise in foreclosures for the month of December and a record number of foreclosures for the 2009 year as a whole.
Housing Recovery in Valley Likely to Slow With Stimulus Expiration, January 2, 2010 - AZCentral.com. Professor Jay Butler says it is still too early and there are far too many variables that can affect the housing market to tell how the market in 2010 will fare.
Foreclosures, Job Concerns Top Region Forecast, January 1, 2010- East Valley Tribune. Professor Jay Butler brings light to the housing crisis saying that 2010 should be a year transitioning the market back to normal away from foreclosure domination, and there should not be any more free falling home prices.
