Just a year ago 2.8% of homes for sale in Arizona had an asking price of $1 million or more, now it's 7.8%.

We ask Valley economist, Elliot Pollack what's causing the price increase here in Arizona. 

<p>Just a year ago 2.8% of homes for sale in Arizona had an asking price of $1 million or more, now it's 7.8%.</p>
<p>We ask Valley economist, Elliot Pollack what's causing the price increase here in Arizona.&nbsp;</p>

Start your morning off right with Arizona's Morning News with Jim and Jayme. You'll be informed with the very latest on what's going on in the Valley, Arizona, nation and throughout the world. Jim and Jayme are native Arizonans with more than 40+ years of local news coverage, six combined AP reporter of the year awards.

Start your morning off right with Arizona's Morning News with Jim and Jayme. You'll be informed with the very latest on what's going on in the Valley, Arizona, nation and throughout the world. Jim and Jayme are native Arizonans with more than 40+ years of local news coverage, six combined AP reporter of the year awards.rn

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