Metro Phoenix falls off top 10 list for the most affordable places to buy homes

home prices

home pricesBy Catherine Reagor | The Republic

Metro Phoenix’s steadily rising home values do come with a price.

While most homeowners are euphoric to have equity again, each uptick in prices leaves more buyers struggling to afford a home of their own.

During the past year, the typical Valley home price has climbed more than 9 percent.

The increase was enough to knock the Phoenix area off a top 10 list of the most affordable big U.S. cities to buy homes.

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