Rotarians learn about local real estate’s recovery

Rotarian Scott Miller introducing Mark Stapp to Rotary meeting attendees (submitted photo)

Rotarian Scott Miller introducing Mark Stapp to Rotary meeting attendees (submitted photo)

Rotarian Scott Miller introduced Mark Stapp to Rotary Club of Scottsdale members and guests at the Club’s luncheon meeting held at Scottsdale’s McCormick.

Mr. Stapp is executive director of the Master of Real Estate Development Program and Fred E. Taylor Professor in Real Estate at W. P. Carey School of Business at Arizona State University, according to a press release.

In Mr. Stapp’s talk about something happened on the way to recovery,” he described how millennials will drive the future of Phoenix housing market.

“Millennials would be buying homes if they could,” he said, in the release. “With low wages and school debt, they are pushing those types of decisions to later in life.”

Mr. Stepp talked about housing-market trends, real estate demographics and the impact of iPhone applications on the psychographic actions within the real estate market.

Per Mr. Stapp, the emerging popularity of apartment living is part of a significant shift in lifestyle among Millennials and Baby Boomers alike. These are populations who want to socialize as it’s harder to socialize when one lives in very low-density, suburban environments.

For more information about Rotary Club of Scottsdale’s programs, membership and projects, visit www.scottsdalerotary.org.

The Scottsdale Independent is published monthly and mailed to 75,000 homes and businesses in Scottsdale.

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