Report says Arizona housing affordability crisis persists despite cooling prices

Report says Arizona housing affordability crisis persists despite cooling prices

SIERRA VISTA — Arizona continues to face a major housing affordability problem despite slowing home prices and rising inventory levels, according to a new report from the Common Sense Institute Arizona.

Less Than Half Of Arizona Households Could Afford Mortgage In 2025, Per Report

By Staff Reporter | A new analysis of housing data found that less than half of households in Arizona could afford their monthly mortgage in 2025.  A new report from the Common Sense Institute (CSI) determined that only 42% of Arizona households could afford their mortgages last year.  In 2019, 66% of Arizona households could afford their monthly mortgages.  The report also found that the state faces a 56,000-unit housing shortfall, and estimate…