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Arizona Housing Affordability Update October 2022

Arizona Housing Affordability Update October 2022

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The U.S. and Arizona housing markets are in the midst of a sharp correction – the first since the Great Recession. Prices peaked in June and have fallen over 3% through September. Ongoing rising interest rate pressures, a collapse in buyer interest, and lags in the construction and permit approval cycle will likely put continued downward pressure on prices over the next 6-12 months.

Coffee & Common Sense

Coffee & Common Sense

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Join us for a panel discussion on Wednesday, December 7th as we discus Common Sense Institute’s latest release on housing affordability.