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Lowering expectations for the Phoenix housing market [AUDIO]

Mark Stapp
Mark Stapp

By Steve Goldstein | KJZZ

The latest numbers from the Phoenix housing market are not exactly awe-inspiring. Foreclosures are way down from 2012, and the median price of homes for sale has climbed to $213,000, but as we head into 2014, prices are expected to remain flat.

And the market that usually takes off when our weather cools off? It is time to lower your expectations, according to Mark Stapp, executive director of the Master of Real Estate Development Program at Arizona State University’s W.P. Carey School.

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Rose Law Group Reporter, which provides Dealmaker’s content and service, is contracted by Rose Law Group. Rose Law Group is a full service real estate and business Law Firm practicing in the areas of land use/entitlements, real estate transactions, real estate due diligence/project management, special districts, tax law, water law, business litigation, corporate formation, intellectual property, asset protection, data breach/privacy law, ADA compliance, estate planning, family law, cyber-law, online reputation and defamation, lobbying, energy and renewable energy, tax credits/financing, employment law, Native American law, equine law, DUIs, and medical marijuana, among others. The views expressed above are not necessarily those of Rose Law Group pc or its associates and are in no way legal advice. This blog should be used for informational purposes only. It does not create an attorney-client relationship with any reader and should not be construed as legal advice. If you need legal advice, please contact an attorney in your community who can assess the specifics of your situation.