RealtorMag
Teacher salaries have been in the spotlight recently following a six-day teacher strike in Phoenix. Only 0.5 percent of the 14,406 homes for sale in Phoenix are affordable to the average local teacher’s annual salary of $45,965, according to a new report released by Redfin.
Last week, Arizona lawmakers approved a 20 percent wage increase for teachers across the state. The share of homes affordable to Phoenix teachers will then double to 1.1 percent.