Phoenix ranks among most unaffordable new home markets

News November 2, 2021 News
Phoenix ranks among most unaffordable new home markets

From Phoenix Business Journal by Angela Gonzales

Phoenix is one of the most unaffordable new home markets among the nation's major metros, according to a report on construction affordability.

While Phoenix is still an affordable metro when compared to the U.S. housing market overall, the Knock analysis is based on a comparison of the median price of new homes in the Valley to the median household income of the population that reside within the metro. Knock is an online home sales platform.

Photo by Jim Poulin / Phoenix Business Journal

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