Report says Arizona housing affordability crisis persists despite cooling prices
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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…
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