By Catherine Reagor | Arizona Republic
Metro Phoenix’s median home price is on track to hit $460,000 in April, double what it was five years ago.
That jaw-dropping forecast based on pending sales is one more blow to homebuyers grappling to afford a house.
Many would-be buyers in the Phoenix area are also struggling to find a home for sale, as the number of listings fell to a record low for February, according to the Arizona Regional Multiple Listing Service.