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Phoenix-area foreclosures continue upward trend


August 16, 2010

The Phoenix-area housing market just saw its highest percentage of foreclosures in months. A new report from the W. P. Carey School of Business at Arizona State University shows foreclosures made up 43 percent of the existing-home market activity in July. That’s the highest percentage in the Valley since January.

“After three months in the 30-percent range, the Phoenix area is back in the 40-percent range,” explains Associate Professor of Real Estate Jay Butler, who authored the new report. “This is the second month in a row with a percentage increase in foreclosures. Before that, we were seeing declines.” Download Full Image

The good news is that, even though the percentage was high in July, the actual number of foreclosures is not as dismal. The Phoenix-area market had almost 3,900 single-family home foreclosures in July. That’s about the same number as June, and actually a little less than last July’s 4,200 foreclosures.

Market activity overall is slowing down, which is normal for this time of year. Late summer is considered the end of the selling season. About 5,100 homes were resold in July, way down from almost 6,900 resales in June and 7,300 resales last July.

Butler says, “If you’re not selling an inexpensive entry-level home, it can be tough to sell in this market. People who normally might be looking for a ‘move-up home’ may be satisfied to stay in their current house, given the economy.”

The median price of homes resold in July was $137,500, down from $143,000 in June. However, prices are still up from last July, when the median price was $135,500.

The townhouse/condominium market had about 600 foreclosures in July, roughly the same number as in June. However, the median price dropped dramatically from $94,600 in June to $84,500 in July. This is a steep downward trend, since the median last July was $106,500.

Butler’s full report, including statistics, charts and a breakdown by different areas of the Valley, can be viewed at http://wpcarey.asu.edu/realestate/Phoenix-Resale-Market-Reports.cfm">http://wpcarey.asu.edu/realestate/Phoenix-Resale-Market-Reports.cfm">htt.... More analysis is also available from Knowledge@W. P. Carey, the business school’s online resource and biweekly newsletter, at http://knowledge.wpcarey.asu.edu.">http://knowledge.wpcarey.asu.edu">http://knowledge.wpcarey.asu.edu.

ASU News

Ceramics Research Center receives 'The Studio Potter' archives


August 17, 2010

Following a yearlong conversation, the ASU Art Museum Ceramics">http://asuartmuseum.asu.edu/ceramicsresearchcenter/">Ceramics Research Center (CRC) in the Herberger Institute for Design and the Arts received significant ceramic archives from "The Studio Potter" magazine, which documents 30 years of creative activity. The archives will be available Sept. 30.

“We are delighted to have the ASU Art Museum Ceramics Research Center as the new home of the "Studio Potter" archives. Not only are we confident (and relieved) that the center has the expertise and resources to preserve and safeguard these precious materials, but we are very excited for "The Studio Potter's" history to be in a place where it will be truly accessible to scholars and students of the field,” says Mary Barringer, current "Studio Potter" editor. “Over the 30 years of Gerry Williams’ editorship, he amassed an astonishing collection of interviews, photographs, and correspondence with important and representative figures in contemporary ceramics: makers, thinkers, and livers of the dream. I can't think of a better place for this vivid record of the voices, ideas, and images of an entire period to be preserved and made available to future generations, nor could "Studio Potter's" archives be in better company. On behalf of the entire board and membership, I thank the Ceramics Research Center for your stewardship of our material history.” Download Full Image

Peter Held, curator of ceramics at the CRC, shares Barringer’s sentiments about the recent magazine archives acquisition. “This wonderful gift to the CRC is greatly appreciated and we thank the magazine’s board for entrusting us with this significant resource,” Held says.

Founded in 1972, "The">http://studiopotter.org/">"The Studio Potter" magazine, under Gerry Williams’ editorial vision, was at the forefront of offering insightful writings on technology, criticism, aesthetics, and history within the ceramics community. An intrepid travel, Williams, along with his wife Julie, amassed a trove of oral histories, transcribed interviews, photographs and journals. Many artists in the archive are represented in the ASU Art Museum’s collection. Coupled with existing holdings from the renowned Susan Harnly Peterson Archives, the CRC has greatly expanded its research potential within the field while making these archives more accessible to scholars, educators and students.

To make an appointment to use "The Studio Potter" archives please contact Mary-Beth Buesgen, CRC program specialist at 480.965.7092, or mary-beth.buesgen">mailto:mary-beth.buesgen@asu.edu">mary-beth.buesgen@asu.edu. The ASU Art Museum Ceramics Research Center is located on 10th Street and Mill Avenue in Tempe, Ariz. Free parking is available in ASU Art Museum-marked spaces. The CRC is open 11 a.m.-5 p.m. Tuesday through Saturday, and is closed, Sunday, Monday and holidays. Exhibitions held at the CRC are free for everyone.

The ASU Art Museum, named "the single most impressive venue for contemporary art in Arizona" by Art in America, is part of the Herberger Institute for Design and the Arts at Arizona State University. The museum is located on the southeast corner of Mill Avenue and 10th Street in Tempe and admission is free. Hours are 11 a.m.-8 p.m., on Tuesdays (during the academic year), 11 a.m.-5 p.m., Wednesday through Saturday and closed on Sundays and Mondays. To learn more about the museum, call 480.965.2787 or visit http://asuartmuseum.asu.edu.

Peter">http://asuartmuseum.asu.edu">http://asuartmuseum.asu.edu.

Peter Held, peter.held">mailto:peter.held@asu.edu">peter.held@asu.edu
480.727.8173
ASU Art Museum Ceramics Research Center
Curator of Ceramics

Wendy Craft

Marketing and communications manager, Business and Finance Communications Group

480-965-6695