Good news for homebuyers: Builders are in the game again

Shrinking supply has been the story in the Phoenix real estate market for months, but relief could be here in the second half of the year — at least for some buyers. In the past two months the number of building permits issued in the $200,000 to $500,000 range has increased to a level not seen since 2007.

Long term trends in Phoenix real estate market

The high volatility that electrified the Phoenix real estate market over the past few years has been replaced by something more like normality. Change is more gradual. The real news is tied to long term trends, which have been shifting, according to Mike Orr, who is director of the center housed at the W. P. Carey School of Business.

The long-awaited recovery in demand

The February report on the Phoenix real estate market contains welcome news. Recovery is here. That’s according to Mike Orr, director of the Center for Real Estate Theory and Practice and author of the monthly housing report.

Phoenix real estate: Busy spring follows slow start

The January numbers are out for the Phoenix real estate market and they’re not spectacular. But even when the market is normal, January is slow, says real estate expert Mike Orr. Activity during February and March is signaling growing strength in the market at last.

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.