What to know about metro Phoenix’s housing market

By Arizona Republic

Prices for homes and apartments are rising higher and higher in the metro Phoenix area.

Prospective homebuyers are scrambling to find listings that fit their budgets as the number of properties for sale stays far below demand.

Homeowners are happy as their equity rises, but affordability is a big concern in the market.

The ability to work remotely has made Phoenix even more appealing for people who may have lived in less affordable cities in California, for example, or who wanted to relocate somewhere with milder winters.

Rentals are readily available in many of the new higher-end apartment complexes, but people looking for more affordable monthly prices have a more difficult hunt.

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