President Barack Obama will announce his plan for dealing with the U.S. mortgage crisis tomorrow as he visits Phoenix, one of the areas hit hardest by foreclosures. At the same time, new numbers show that despite talk of economic stimulus and mortgage bailout plans, the Phoenix-area housing market continues to plunge, setting a new record with a 32-percent drop in average home prices in just one year. The latest data from the Arizona State University - Repeat Sales Index (ASU-RSI) reveals average prices in the Valley of the Sun declined 32 percent between November 2007 and November 2008.
The W. P. Carey School of Business is receiving 10,000-pound bronze statue called "Spirit." Local entrepreneur Morton Fleischer and his wife, Donna, an Arizona State University graduate, donated the statue to the school in hopes it will inspire students about enterprise, philosophy and art.
For the first time ever, Phoenix-area home prices dropped 30 percent in just one year. The latest data from the Arizona State University - Repeat Sales Index (ASU-RSI) shows average prices declined 30 percent between October 2007 and October 2008.
Many people who are out of work due to the rough economy are deciding to use this time to invest in their education, acquiring new skills and knowledge to get a better job when the economy improves. As a result, MBA application numbers are way up at the W. P. Carey School of Business at Arizona State University.