News Article From: 10-18-2012
Phoenix #4 in US for affordable housing
A median-income household can only afford a median-priced home in 14 of the nation's 25 largest metropolitan areas. Atlanta, Detroit and Minneapolis-St. Paul are the most affordable cities, according to Interest.com's first Home Affordability Study. The report ranked Phoenix #4, giving it a B+ for it Paycheck Power Rating of 23.67%. Paycheck Power Rating is the percent the median income exceeds or falls short of the income required for a median-priced home.
Read article - Phoenix Business Journal