WE’RE HEARING...If you want to see what a housing recovery looks like on the ground, it’s time to visit Phoenix, as I did recently for the first time in a couple of years. Gone are the rows of “for sale” signs that cluttered many streets two years ago. Instead, observers of the Phoenix market today say the metropolitan area faces a different problem: too few homes for sale. Mark Stapp, director of the real estate development program for the W.P. Carey School of Business at Arizona State University, told me … [Read more...]