By Catherine Reagor | Arizona Republic
The Phoenix area faces a growing gap between what people earn and what they pay for housing.
The Arizona Republic and azcentral.com are covering the issue in our 2019 series “Squeezed Out.”
Rents climbed at a near record pace in 2018, following several years of hefty increases. The result is nearly half of Phoenix-area renters are paying more than they can afford for housing.
When it comes to buying a home, the region has almost always been more affordable than the U.S. average. That is about to change as incomes have not kept pace with rising home prices.