ASU’s Morrison Institute says typical home values surged while incomes lagged, leaving only 39% of workers able to afford a one-bedroom at median wages; evictions hit a record 106,587 filings in 2024. Cities are launching funds and projects, and new state housing laws aim to expand supply.
Source: https://azbigmedia.com/real-estate/why-experts-worry-about-the-state-of-housing-in-arizona/
