People looking to buy a home are facing numerous obstacles, including low inventory and high interest rates.
Some people will be able to buy a new home with a 1% down payment. Zillow Home Loans launched a new program that allows customers to put down 1% while the company contributes another 2%.
Zillow reports that the average home price in Arizona is currently about $420,000. Rental prices vary by city, but in and around the Phoenix area, people are paying, on average, $2,000 a month.
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