Analysis: Monthly housing costs in metros move deeper into unaffordable territory; see how Phoenix stacks up

RISMedia

Home values in housing markets the nation over continue to heighten—but while homeowners are cheering the gain in equity, some homebuyers’ hopes, especially in large locations, are being hosed down.

“Homes have gotten so expensive in many major cities that even with low mortgage rates, monthly costs for homes that are currently for sale are starting to be unaffordable,” says Dr. Svenja Gudell, chief economist at Zillow. “Down payments are a top concern for today’s homebuyers, but the reality is that monthly costs are becoming unaffordable, as well.”

Continued:

Share this!

Additional Articles

Top master-planned communities for 2024

By AZ Big Media Here are the Top 10 master-planned communities in Arizona, based on public voting for the 2024 edition of Ranking Arizona, the state’s biggest and most comprehensive business opinion poll. Ranking Arizona

Read More »
News Categories

Get Our Twice Weekly Newsletter!

* indicates required

Rose Law Group pc values “outrageous client service.” We pride ourselves on hyper-responsiveness to our clients’ needs and an extraordinary record of success in achieving our clients’ goals. We know we get results and our list of outstanding clients speaks to the quality of our work.