TEMPE, Ariz. -- The Phoenix-area housing market is especially difficult for home buyers to navigate right now. They face rising prices, competition from investors and other bidders, and a short supply of available homes for sale.
That's why The Arizona Republic is teaming up with the ASU Real Estate Council at the W. P. Carey School of Business, to host a free event that will help people sort through the complications.
The event is called the "Phoenix Housing Market Explained" , and is set for Saturday, April 6, starting at 9:30 a.m. at Arizona State University's Tempe campus.
The event's speakers include: Catherine Reagor, senior real estate reporter for The Arizona Republic,
Mike Orr, director of the Center for Real Estate Theory and Practice at the W. P. Carey School of Business, and Mark Stapp, the Fred E. Taylor Professor in Real Estate and director of the Master of Real Estate Development (MRED) program at the W. P. Carey School of Business.
The three will participate in a panel discussion and then take questions from the audience. Reagor will offer insight into what she's seeing as buyers and sellers negotiate ever-changing market conditions…and prospective buyers try to secure a mortgage.
Orr, a prominent real estate expert whose monthly reports on the Phoenix-area housing market are often covered by the national media, will talk about many factors that could affect prospective home buyers right now.
"Everything from investors to rising prices and the short supply of houses are coming into play for people who want to own a new home," says Orr. "It can be frustrating to bid repeatedly for properties and still come up dry. I'll go over some of the latest data that could help provide an edge.
Stapp, an established real estate developer himself, will moderate the discussion and explain current trends in new-home building.
The event will be held in the Business Administration C-Wing Building, or BAC, at 400 E. Lemon St. at ASU in Tempe. Parking is available just across the street at the intersection of Apache Boulevard and Normal Avenue. Signage will direct participants from the garage to room BAC 116 on the first floor of the BAC building.
More information about the Valley real estate market is available in the W. P. Carey School's monthly online reports.
The W. P. Carey School of Business at Arizona State University is one of the top-ranked and largest business schools in the United States. The school is internationally regarded for its research productivity and its distinguished faculty members, including a Nobel Prize winner. Students come from about 100 countries and include more than 50 National Merit Scholars.