About 75% of Arizona households would have hardships attempting to purchase a median-priced home in the state, according to a report from the National Association of Home Builders.
The report shows data on how higher prices and interest rates affect housing affordability. The report was conducted by Na Zhao, doctor of economics and housing policy for the association.
About 87.5 million households — which represents about 69% of all U.S. households are not currently able to afford a new median-priced home, the report said.
