It is not a bubble, but a boom. That is how a long-time economist in Arizona describes the rising real estate prices we are experiencing in the Phoenix metro area.

In this first part of KTAR News 92.3FM's special series "Arizona's Rising Real Estate" we look at how the hottest housing market in America came to be. 

<p>It is not a bubble, but a boom. That is how a long-time economist in Arizona describes the rising real estate prices we are experiencing in the Phoenix metro area.</p>
<p>In this first part of KTAR News 92.3FM's special series "Arizona's Rising Real Estate" we look at how the hottest housing market in America came to be.&nbsp;</p>

KTAR News 92.3, the largest news radio team in the state,  reporters cover the top stories and most important angles in the state of Arizona on a daily basis.

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