February 2012

Hit hard, coming back fast: Valley home prices continue to rise

The Valley housing market is starting to come back. Mike Orr, who directs the Center for Real Estate Theory at ASU's W.P. Carey School of Business, says home prices were up 6.5 percent in January from January of last year.

KJZZ Morning Edition host Dennis Lambert spoke with Orr on Friday. He says the places that were hardest hit in the economic downturn are the ones that are coming back the fastest.

Orr says there are also fewer foreclosures in the pipeline and he says people looking for a bargain on a home worth less than $300,000 are not likely to find one, anymore.

TV ad asks businesses and tourists to come to Arizona

A new television commercial is promoting Arizona as a business and tourism destination. It features some higher-profile Arizonans who made the state their home. KJZZ’s Paul Atkinson reports.

PAUL ATKINSON: The three-second ad debuted during Wednesday’s Republican Presidential debate. It starts with images of Monument Valley, the Grand Canyon and Mount Graham, and shows people skiing, mountain biking and riding a wave runner, then cuts to brief testimonials from the likes of former Cardinals quarterback Kurt Warner, US Airways CEO Doug Parker and other business leaders.