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Arizona Housing Affordability - Excellent!

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Blog by Doug Ingersoll | August 18th, 2014

Elliott Pollack had this tidbit about housing affordability on his Monday Morning Quarterback this morning:

"The housing opportunity index in Greater Phoenix was 66.4% in the second quarter.  This compares to 76.2% a year ago (see charts below).  A combination of higher interest rates and higher housing prices caused affordability to decline somewhat."

So I went to the National Association of Homebuilders website. Downloaded the spreadsheet and found Yuma was 77.5, Tucson, 76.9 and Phoenix is indeed 66.4. I will always think that living in the SW is great in Arizona when you see the rest of the spreadsheet. We are a bargain compared to California. No complaints here.

Click HERE for the spreadsheet.