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Presenters tell Flagstaff commission high prices, low inventory and regulation are bottlenecks to homeownership
Summary
Housing commissioners heard data showing steep median prices, limited inventory under $500,000, and structural barriers — including zoning and development standards — that constrain production of affordable housing in Flagstaff.
Housing commissioners received an informational presentation on Flagstaff's housing market that highlighted high prices, scarce inventory under $500,000 and regulatory and construction cost barriers that limit affordable housing production. Commissioner Karen Flores and Mark Coletti, vice president of the Northern Arizona Association of Realtors, presented data drawn from the Northern Arizona multiple listing service and local analysis. Flores said the median single-family home price in Flagstaff is about $787,000 and that a household typically needs an annual income in the range of $147,000 to $177,000 to…
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