Affordability Squeeze: When Will Prices Return to “Normal”?
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The housing affordability squeeze continues — and it’s hitting buyers, renters, and investors alike.
In this week’s Phoenix market update, I’m breaking down:
Why the middle class is struggling to afford housing and rent
The biggest homeownership obstacles facing Gen Z (mortgage rates, student loans, career uncertainty)
What’s happening in vacation towns like Scottsdale, AZ as sales slow and inventory rises
Why falling mortgage rates are actually pushing inventory lower
Redfin’s new prediction on when housing costs may return to “normal” (spoiler: 2030)
A full look at active listings and the Cromford Market Index across the Phoenix metro
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Caitlin McKeague
Broker Associate | BRBR679010000