Scottsdale Housing Voucher Use Concentrated in 85251

By Catherine Reagor, Amy Qin, Jessica Boehm | Arizona Republic Housing choice vouchers are supposed to give low-income tenants real choices about where to live and a chance to move to a better neighborhood. But few tenants with vouchers in metro Phoenix get that opportunity. Most of the housing that voucher holders find is concentrated …

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Metro Phoenix Median Home Price Poised to Fall by $25K for July 2022

By Catherine Reagor | Arizona Republic Metro Phoenix’s overly hot housing market cooled quickly in June, and prices are expected to drop in July. Rising interest rates, stock market swings, a jump in supply of houses for sale and slower sales all hit the market this summer. As a result, the Phoenix-area median home price …

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New Co-Living Apartment Complex Makes Phoenix More Affordable

By Corina Vanek | Arizona Republic Yhara Quiroz wanted to move to downtown Phoenix, but decided it wasn’t a good time to buy a place with the area’s soaring costs for houses and condos. She toured X Phoenix, a new apartment complex at Second Avenue and Monroe Street, planning to rent a one-bedroom apartment. She …

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Scottsdale’s Affordable Housing Situation is Worst in Metro Phoenix

By Sam Kmack | Arizona Republic Scottsdale’s housing shortage may be far worse than city figures suggest, with thousands fewer units coming down the chute than was estimated and the city’s workforce being priced out of the market faster than anywhere else in the Valley, according to a recently released analysis. The study from Elliott …

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High Street Developers Plan Hotel, Office Space, Parking Garage

By Corina Vanek | Arizona Republic The owners of High Street in northeast Phoenix are eyeing expansion in an area north of Loop 101 near Desert Ridge Marketplace that continues to see major construction projects. The owners of the mixed-use center, which includes restaurants, retail, apartments and office space, own five additional acres immediately west …

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Scottsdale Towne Square Being Converted to Luxury Apartments

Artist rendering shows some of the green space and apartment units planned at Scottsdale Towne Square (Nielsen Partners) By Corina Vanek | Arizona Republic A big-box shopping center near the Phoenix-Scottsdale border could be converted to 350 luxury apartment units and smaller-scale retail, according to plans from the center’s owner. The conversion of a portion …

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Low-Income Renters Here Have Little Chance of Finding a Home

By Catherine Reagor & Amy Qin | Arizona Republic Arizona’s housing shortage and rapidly rising rents are hurting people with the lowest incomes the most, forcing a growing number of struggling tenants out of their homes. In metro Phoenix, which is among the top 10 metro areas facing the most severe affordable housing shortages, only …

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Redlining Still Being Felt in South Phoenix More Than 50 Years Later

By Catherine Reagor & Megan Taros | Arizona Republic Housing discrimination, including disastrous government-supported redlining is hurting south Phoenix neighborhoods more than 50 years after it was struck down as illegal and predatory. Neighborhoods across south Phoenix still have low homeownership rates among Black and Latino people after areas south and east of downtown were …

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ASU Housing Report Suggests Ways to Grow Homeownership

By Catherine Reagor | Arizona Republic Housing discrimination exists across Arizona despite laws and policies to try to reverse the predatory practices. Researchers at Arizona State University investigated how actions and regulations have shaped the housing market, limits on homeownership and potential solutions to the problems created by discrimination against some buyers. “A Brief History …

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Metro Phoenix’s Median Home Price to Hit Another Record

By Catherine Reagor | Arizona Republic Metro Phoenix’s median home price hit a record $450,000 in February — and likely soared to $455,000 in March. Many homebuyers, particularly first-timers, can’t get a break from the Valley’s rising home prices. Buyers who plan to rent out the homes or just live in them part time are …

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