By Catherine Reagor | Arizona Republic
Metro Phoenix is sliding down a list of the most affordable big U.S. cities to buy a home.
The Valley still ranks in the top 20, but is clinging to the last spot. In prior years, it sat comfortably in the top 10.
Phoenix-area home prices rebounded to a new a record in June with the median hitting $268,000.
In September, the area’s median dipped a bit, but prices ticked back up some last month.
Our relatively affordable home prices compared with other Western cities draw many new residents and companies, so the affordability of housing is an important indicator to watch.
