The housing crisis hammered the Valley, and thousands of people lost their homes. Foreclosures dominated some
neighborhoods, while short sales became a too common part of the vernacular. Now with the real estate market
bouncing back, most of us are focused again on how prices compare with a year
ago, or when they will return to pre-recession levels, but what about looking for ways to
avoid the next housing crisis or at least limiting the damage?
Mark Stapp is director of the Master
of Real Estate Development program at Arizona State University's WP Carey School of Business.