Description: Remember suburban Phoenix, home of empty subdivisions with green swimming pools and roving coyotes? Itâ€™s booming again. A house in Glendale got 95 offers and eventually sold for 17 percent above the asking price. â€œThis is not something we would see in a normal market,â€ says Michael Orr, director of the Center for Real Estate Theory and Practice at Arizona State Universityâ€™s W.P. Carey School of Business.
Date: July 26, 2012
Questions for Discussions:
- Summarize the activity in real estate markets today.
- What does all of this mean for homeowners, builders, and investors?
- Would you be a buyer of a home building company today?