Real estate expert analyzes Arizona housing affordability challenges | FOX 10 Phoenix
The housing market across the nation and in Arizona remains uncertain as high interest rates and tight inventory keep home prices elevated. Mark Stapp, a real estate expert from Arizona State University, joined the broadcast to discuss the key factors impacting buyers and renters. Stapp explained that while apartment rental rates have tempered slightly, a slowdown in new permits and deliveries means relief may be short-lived. Continued population and job growth maintain high demand for housing, but homebuilders are exercising caution to avoid overbuilding, which keeps the supply constrained. Homeowners holding low-interest mortgages are disincentivized from moving, creating a lock-in effect that further limits existing home inventory. Buyers looking for homes priced below $450,000, which is roughly the median price, face significant inventory shortages, as much of the available supply remains concentrated in higher price tiers. Expanding outward to outlying areas like Apache Junction adds transportation costs that can offset lower home prices. External economic factors, including tariffs on Canadian softwood lumber and rising energy prices, further contribute to higher construction costs and home prices. Despite these challenges, market conditions differ significantly from the 2007 housing crash, which was driven by excessive leverage. Today's challenges stem from broader geopolitical factors, energy costs, and material supply constraints rather than structural financial instability. Homebuilders are responding by offering buyer incentives and shifting focus toward alternative housing options, such as townhomes and duplexes, often referred to as the "missing middle." Stapp emphasized that restoring local housing affordability is crucial to sustaining economic development and continuing to attract workers to the region.
The housing market across the nation and in Arizona remains uncertain as high interest rates and tight inventory keep home prices elevated. Mark Stapp, a real estate expert from Arizona State University, joined the broadcast to discuss the key factors impacting buyers and renters. Stapp explained that while apartment rental rates have tempered slightly, a slowdown in new permits and deliveries means relief may be short-lived. Continued population and job growth maintain high demand for housing, but homebuilders are exercising caution to avoid overbuilding, which keeps the supply constrained. Homeowners holding low-interest mortgages are disincentivized from moving, creating a lock-in effect that further limits existing home inventory. Buyers looking for homes priced below $450,000, which is roughly the median price, face significant inventory shortages, as much of the available supply remains concentrated in higher price tiers. Expanding outward to outlying areas like Apache Junction adds transportation costs that can offset lower home prices. External economic factors, including tariffs on Canadian softwood lumber and rising energy prices, further contribute to higher construction costs and home prices. Despite these challenges, market conditions differ significantly from the 2007 housing crash, which was driven by excessive leverage. Today's challenges stem from broader geopolitical factors, energy costs, and material supply constraints rather than structural financial instability. Homebuilders are responding by offering buyer incentives and shifting focus toward alternative housing options, such as townhomes and duplexes, often referred to as the "missing middle." Stapp emphasized that restoring local housing affordability is crucial to sustaining economic development and continuing to attract workers to the region.
AI tools for busy moms to save time and organize daily schedules | Balancing Act | FOX 10 Phoenix
From meal planning to organizing medical documents, AI tools can give you hours back each week. Expert Bella Vasta explains how artificial intelligence can streamline daily household scheduling and dinner planning.
From meal planning to organizing medical documents, AI tools can give you hours back each week. Expert Bella Vasta explains how artificial intelligence can streamline daily household scheduling and dinner planning.
Meet Daisy, the Arizona Department of Public Safety's new comfort dog
The Arizona Department of Public Safety introduced Daisy, a 5-month-old hypoallergenic Labradoodle trained to aid officers with post-traumatic stress and comfort citizens in crisis.
The Arizona Department of Public Safety introduced Daisy, a 5-month-old hypoallergenic Labradoodle trained to aid officers with post-traumatic stress and comfort citizens in crisis.
Ketel Marte goes AWOL; AZ election analysis | FOX 10 Talks
Robby Baker joins FOX 10 Talks to discuss the latest drama surrounding D-backs star Ketel Marte. Plus, political analyst Mike Noble breaks down Arizona's election landscape, the races and issues shaping the state, and what voters should be watching.
Robby Baker joins FOX 10 Talks to discuss the latest drama surrounding D-backs star Ketel Marte. Plus, political analyst Mike Noble breaks down Arizona's election landscape, the races and issues shaping the state, and what voters should be watching.
Arizona elections: New polling reveals voter shifts | FOX 10 Talks
Political analyst Mike joins FOX 10 Talks to break down the latest polling data following Arizona’s primary elections. As the state moves into the general election, polling shows a shifted political landscape in this critical battleground.
Political analyst Mike joins FOX 10 Talks to break down the latest polling data following Arizona’s primary elections. As the state moves into the general election, polling shows a shifted political landscape in this critical battleground.
Phoenix police officers placed on leave after traffic stop sparked wrongdoing accusations
Phoenix Police say two of their officers have been placed on administrative leave amid "accusations from community members alleging criminal conduct."
Phoenix Police say two of their officers have been placed on administrative leave amid "accusations from community members alleging criminal conduct."
Phoenix officers put on leave; D-backs' Ketel Marte goes AWOL l Morning News Brief
From Phoenix police officers placed on leave, to a plea deal offered in a murder case, and a missing D-backs star, here are your top stories for August 18, 2026, on fox10phoenix.com.
From Phoenix police officers placed on leave, to a plea deal offered in a murder case, and a missing D-backs star, here are your top stories for August 18, 2026, on fox10phoenix.com.
Arizona weather forecast: Excessive heat brings 110+ degrees to Phoenix
High pressure brings temperatures up to 113 degrees in Phoenix along with slight midweek storm chances.
High pressure brings temperatures up to 113 degrees in Phoenix along with slight midweek storm chances.
Hayden Panettiere death: Latest details from TMZ
Hayden Panettiere’s preliminary autopsy found no signs of trauma that contributed to her death. TMZ's Alexa Kohn has the latest details on the star's death.
Hayden Panettiere’s preliminary autopsy found no signs of trauma that contributed to her death. TMZ's Alexa Kohn has the latest details on the star's death.
Ketel Marte doesn't show up for D-backs game against Boston Red Sox
Ketel Marte was placed on the restricted list after the Arizona Diamondbacks second baseman didn't show up for the team's game against the Boston Red Sox at Fenway Park on Monday.
Ketel Marte was placed on the restricted list after the Arizona Diamondbacks second baseman didn't show up for the team's game against the Boston Red Sox at Fenway Park on Monday.
Phoenix outdoor workers take heat precautions as dangerous temperatures return
Phoenix businesses are implementing strict heat safety measures for outdoor employees, as near-record temperatures return to the Valley. FOX 10's Andrew Christiansen checks out how some businesses are keeping cool.
Phoenix businesses are implementing strict heat safety measures for outdoor employees, as near-record temperatures return to the Valley. FOX 10's Andrew Christiansen checks out how some businesses are keeping cool.
Extreme summer heat makes Phoenix outdoor workers take extra precautions
Outdoor workers across Phoenix are implementing strict safety precautions, including hydration stations and scheduled breaks to prevent heat-related illness as extreme temperatures return.
Outdoor workers across Phoenix are implementing strict safety precautions, including hydration stations and scheduled breaks to prevent heat-related illness as extreme temperatures return.
Nearly 1 million vehicles recalled; Safeway store closures | Nightly Roundup
From a massive vehicle recall to why a grocery chain is closing some of their stores, here's a look at your top stories this evening.
From a massive vehicle recall to why a grocery chain is closing some of their stores, here's a look at your top stories this evening.
Rebekah Baptiste: Informal plea deal offered to father in murder case
Court proceedings revealed an informal plea deal was offered to Richard Baptiste, but no offer was made to co-defendant Anicia Woods.
Court proceedings revealed an informal plea deal was offered to Richard Baptiste, but no offer was made to co-defendant Anicia Woods.
Rebekah Baptiste: Judge to rule on sealing autopsy
A motion has been filed to seal the autopsy report for 10-year-old Rebekah Baptiste, following a court appearance on Aug. 17. FOX 10's Nicole Krasean reports.
A motion has been filed to seal the autopsy report for 10-year-old Rebekah Baptiste, following a court appearance on Aug. 17. FOX 10's Nicole Krasean reports.
Diana Taurasi honored, D-backs still in the hunt | FOX 10 Sports Exchange
Phoenix Mercury legend Diana Taurasi was inducted into the Ring of Honor. Plus, Amar'e Stoudemire and Mike D'Antoni enter the Naismith Basketball Hall of Fame. The Diamondbacks continue hanging around in the NL Wild Card race. We have the latest on rookie running back Jeremiyah Love's injured ankle and quarterback Carson Beck's sore ribs as the Cardinals continue preparing for the regular season. And, with Camp Tontozona in the books, the Sun Devils are just a couple of weeks away from their home opener.
Phoenix Mercury legend Diana Taurasi was inducted into the Ring of Honor. Plus, Amar'e Stoudemire and Mike D'Antoni enter the Naismith Basketball Hall of Fame. The Diamondbacks continue hanging around in the NL Wild Card race. We have the latest on rookie running back Jeremiyah Love's injured ankle and quarterback Carson Beck's sore ribs as the Cardinals continue preparing for the regular season. And, with Camp Tontozona in the books, the Sun Devils are just a couple of weeks away from their home opener.
Lindsay Clancy's mom testifies | FOX 10 Talks
On today's FOX 10 Talks, Lindsay Clancy's mother took the witness stand to deliver emotional testimony. Plus, heat and hazardous conditions led to multiple mountain rescues in Phoenix, and the latest on the lawsuit against Meta.
On today's FOX 10 Talks, Lindsay Clancy's mother took the witness stand to deliver emotional testimony. Plus, heat and hazardous conditions led to multiple mountain rescues in Phoenix, and the latest on the lawsuit against Meta.
Sean Spicer; remembering Hayden Panettiere | FOX 10 Talks
Former White House Press Secretary Sean Spicer joins FOX 10 Talks to discuss Karoline Leavitt stepping down as press secretary, what the change could mean for the Trump administration, and what comes next for the White House communications team.
Former White House Press Secretary Sean Spicer joins FOX 10 Talks to discuss Karoline Leavitt stepping down as press secretary, what the change could mean for the Trump administration, and what comes next for the White House communications team.
Sean Spicer on Karoline Leavitt's exit & the reality of being press secretary | FOX 10 Talks
Former White House Press Secretary Sean Spicer joins FOX 10 Talks for a candid conversation about what goes on behind closed doors in the West Wing. Spicer opens up about the relentless 24/7 demands of the role, the crucial relationship required with the President, why the press secretary job became an unprecedented pop-culture phenomenon under Donald Trump, and the realities of balancing family life with high-level government service.
Former White House Press Secretary Sean Spicer joins FOX 10 Talks for a candid conversation about what goes on behind closed doors in the West Wing. Spicer opens up about the relentless 24/7 demands of the role, the crucial relationship required with the President, why the press secretary job became an unprecedented pop-culture phenomenon under Donald Trump, and the realities of balancing family life with high-level government service.
Actress Hayden Panettiere dies; Arizona woman loses millions in crypto scam l Morning News Brief
From actress Hayden Panettiere's death, to a man accused of ramming a Mesa home, and an Arizona woman's lost $4.3M crypto fortune, here are your top stories for August 17, 2026, on fox10phoenix.com.
From actress Hayden Panettiere's death, to a man accused of ramming a Mesa home, and an Arizona woman's lost $4.3M crypto fortune, here are your top stories for August 17, 2026, on fox10phoenix.com.