House prices in Arizona are spiking and that could be bad news for Australia | ABC News


- Advertisement -

The coronavirus pandemic has stoked the global housing market to fresh highs as a perfect storm of factors combine to surge prices at a historic pace.
Subscribe: Read more here:
In the US, markets previously considered the most affordable are now out of reach for average Americans.
Efforts to get prices under control could derail markets around the world, including Australia.
North America correspondent Kathryn Diss travelled to Phoenix, Arizona, once considered one of America’s most affordable cities.

ABC News provides around the clock coverage of news events as they break in Australia and abroad, including the latest coronavirus pandemic updates. It’s news when you want it, from Australia’s most trusted news organisation.

For more from ABC News, click here:
Watch more ABC News content ad-free on iview:

Go deeper on our ABC News In-depth channel:
Like ABC News on Facebook:
Follow ABC News on Instagram:
Follow ABC News on Twitter:

Note: In most cases, our captions are auto-generated.

#ABCNews #ABCNewsAustralia


Leave A Reply

Your email address will not be published.