Will We Ever See Affordable Housing Prices Again in Tucson?

According to a report from Zonda, which provides housing market data and research analytics, housing supply in Tucson remains tight because few people want to leave a 3 percent mortgage and take on a 7 percent rate and millennials are creating a bulge in demand. However, builders are lowering prices and giving incentives, and Tucson remains more affordable than Phoenix. But even though interest rates are starting to calm down, the differential between incomes and home prices continue to stymie many would-be buyers.

Source: https://realestatedaily-news.com/will-we-ever-see-affordable-housing-prices-again-in-tucson/