Phoenix to ‘Hit the Skids on Affordability,’ Economist Says, Though Outlook for Future Positive

Article originally posted on Phoenix Business Journal on October 15, 2021

Despite some looming challenges, especially housing affordability, in Phoenix, economic experts presenting at the Greater Phoenix Chamber’s annual Economic Outlook agreed the future for both the state and country is positive.

Elliott Pollack, founder of Scottsdale-based Elliott D. Pollack & Co., said both rental housing vacancy and homeowner vacancy are at record lows nationally, and in Phoenix there is an estimated shortage of 25,000 single-family homes and 15,000 apartment units, on top of what is needed to keep up with normal population growth.

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