Answers to market questions

Metro Phoenix housing analyst Mike Orr participated in a live chat on azcentral.com this week about the state of the residential market.

Orr, publisher of the Cromford Report and director of the Center for Real Estate Theory and Practice at Arizona State University's W.P. Carey School of Business, shared his views on prices, sales, appraisers and mortgages.

Here are some excerpts from his online conversation with readers:

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