Housing affordability crisis and market shifts
Key Questions
How are home prices and sales trending in Phoenix and Ahwatukee?
Phoenix home prices have dropped 5.9% year-over-year. In Ahwatukee, single-family home sales exceeded Valley-wide trends in June with more homes sold than the prior year, though at slightly lower prices.
What shifts are occurring in Arizona's housing markets?
The Tucson market is shifting toward buyers. Renters continue facing high costs and AC failures while senior housing trades persist amid the affordability crisis.
What legal actions address housing affordability in Arizona?
Lawsuits challenge Phoenix's affordable housing mandate, and AG Mayes is suing HUD over funding caps. Scottsdale council races feature heavy Axon funding influence.
Renters face high costs and AC failures; Phoenix home prices drop 5.9% YoY; Tucson market shifting to buyers. Ahwatukee home sales up, prices slightly lower, days on market increasing. Lawsuits over Phoenix affordable housing mandate, Scottsdale council race dominated by Axon money, and AG Mayes sues HUD over funding caps. Senior housing trades continue. Veterans homelessness highlighted amid SNAP cuts.