The economic reality behind the politics of multihousing development in Arizona

By Terrance Thornton | Your Valley

When Jordan and Lyric Dodd sat down last year and realized they had paid more than $20,000 in rent, it was that moment the couple realized homeownership was in their future.

“I believe our total amount of offers in was 16 and that was in Mesa, Apache Junction, Tempe, Casa Grande, Florence and one that starts with an, ‘M.’ Maricopa, yeah that was it. And, we were offering up to $30,000 more than asking price and still getting regularly outbid.”

For millions of young Americans, and perhaps thousands here in the Valley of the Sun, homeownership can feel like an unattainable goal, real estate experts contend.

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September 2021
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