Collaborative effort needed for Valley housing shortage

By Brent Ruffner | Your Valley

The answer to the Valley’s housing shortage is complicated, according to a real estate expert at Arizona State University.

Mark Stapp, executive director of masters of real estate development at Arizona State University, said not enough rental units in the Valley is a regional problem that needs to be dealt with at the local level and beyond.

“This is a regional problem,” Stapp said. “It requires a regional solution.”

According to the Arizona Department of Housing, an estimated 250,000 to 270,000 new housing units of “all types” are needed statewide to meet current demand.

In the meantime, rents in the Valley have skyrocketed to levels that could become unsustainable over the long haul.

READ ON:

Share this!

Additional Articles

Top master-planned communities for 2024

By AZ Big Media Here are the Top 10 master-planned communities in Arizona, based on public voting for the 2024 edition of Ranking Arizona, the state’s biggest and most comprehensive business opinion poll. Ranking Arizona

Read More »
News Categories

Get Our Twice Weekly Newsletter!

* indicates required

Rose Law Group pc values “outrageous client service.” We pride ourselves on hyper-responsiveness to our clients’ needs and an extraordinary record of success in achieving our clients’ goals. We know we get results and our list of outstanding clients speaks to the quality of our work.

February 2022
M T W T F S S
 123456
78910111213
14151617181920
21222324252627
28