By James Downey | Your Valley
The affordable housing market throughout Phoenix has had a serious issue with the lack of affordable homes.
As a result of inflation and the pandemic, individuals have either lost their jobs and had to relocate or prices have gone too high for them to afford a home.
Experts across Arizona agree that the perfect storm has led to the affordable housing crisis, and there is no specific way to solve the problem — particularly for low- and middle-income families struggling to make ends meet.
In addition, even before current economic conditions took hold, the housing market was faced with a lack of readily available affordable homes for those interested in purchasing or renting.
Even communities in the far West and East Valleys are struggling to provide more affordable housing for residents.
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