May 16, 2024 | 2024 Research, Featured Home, Featured Research, Housing & Our Community, Research, Uncategorized
In numerous recurring reports, CSI Arizona has highlighted the state’s ongoing struggle with the rapid increase in housing costs since the pandemic. One of our central tools for monitoring the issue has been the housing surplus/shortfall measure.
Mar 19, 2024 | 2024 Research, Featured Home, Featured Research, Housing & Our Community, Research
At 102.15 (-3.5% since October 2023), the homebuyers ‘Misery Index’ remains at all-high time highs – despite falling about 10% last year, the Index is being held aloft by persistently high prices. For context, the long-run average of the Index is set to zero, and it peaked at 54.05 prior to the Great Recession.
Oct 10, 2023 | 2022 Research, Featured Research, Housing & Our Community, Research
Conditions for Arizona’s home buyers are – arguably – more difficult today than they’ve ever been. Interest rates on a new 30-year mortgage loan are over 7%, which is higher than they’ve been since 2001.