Phoenix housing market: Who was left behind as affordable options dried up?

The Phoenix housing market has become highly contentious due to rising prices and dwindling affordable options. The COVID-19 pandemic sparked a buying frenzy, with low mortgage rates and large-scale buyers like home-flipping companies driving up prices. Today, while supply has normalized, demand is lower due to high interest rates and additional costs like insurance and HOA dues, pricing many first-time buyers out of the market.

Source: https://ktar.com/arizona-real-estate/phoenix-housing-market-today/5692858/