A new report shows some good news and bad news for homebuyers.
Favorable mortgage rates made buying a home a little more attainable nationwide in the last quarter of 2019, according to the property value analysis from Attom Data Solutions. But the average-priced home is still out of reach for the average wage earner in the Phoenix area.
In more than three-quarters of the country, home prices are still outpacing any growth in wages. That includes Maricopa County, where home prices rose more than 8% and wages grew only about 3%, according to the report.