'NEW NORMAL' IN AZ HOUSING MARKET?

posted by Michael Chihak

Questions abound for those studying Arizona's residential real estate landscape.

When will it recover? What will it look like when it does recover? Will housing prices go up anytime soon? Can new home construction ever achieve what it once did in the state?

We will ask Michael Orr those questions and more. Orr is director of the Real Estate Center at the W.P. Carey School of Business at Arizona State University. He's acknowledged as the leading analyst of real estate in Arizona.

Orr's recent report says the state should experience a "mild recovery" this year in homebuilding. That would come after what he called the "worst year ever for sales volume in 2011."

If you have a question for Orr, add it to the comments section below, and we will ask him for Friday's program.