Rising Housing Costs Are a Problem In Arizona

By Catherine Reagor | Arizona Republic

Metro Phoenix home prices hit a new record this year.

Valley rents are climbing to new records almost every month.

Incomes aren’t keeping pace, and more people are getting squeezed out of homes as evictions set records too.

The number of people living without shelter in the Phoenix area has jumped 200% since 2014.

Metro Phoenix residents are dealing with the region’s worst housing affordability crunch.

The Arizona Housing Coalition’s annual meeting in Phoenix last week was packed with housing advocates trying to help a growing number of struggling renters vie for a dwindling supply of affordable homes.

No one wants to see metro Phoenix’s problem turn into a housing crisis as it has in San Francisco, Los Angeles, Seattle and New York.

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