AZ homes among least affordable in nation

By AZ Business Magazine | AZ Big Media

QuoteWizard, a LendingTree company, and one of the nation’s leading online insurance marketplaces, released a new report tracking the growing disparity between housing costs and income. And, having the biggest impact on residents of the Grand Canyon state is the fact that researchers found Arizona homes to be the third-least affordable in the nation.

QuoteWizard’s team of housing market analysts found that the median price of a home is up nearly 70% ($129,000) in the last decade. Median income, however, is only up 30% (14,685) nationwide.

“Owning a home is supposed to be the American Dream. But with housing prices rising so much faster than income, you have to wonder if owning a home is still a reality for many people,” said Nick VinZant, Senior Research Analysts and Insurance Expert with QuoteWizard.


Share this!

Additional Articles

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.