First-time homebuyers aren't the only ones struggling to make moves in Phoenix's tight housing market.
The big picture: Young families who snagged a condo or small single-family house before the pandemic-era home price surge and recent interest rate spikes are now locked into homes they're outgrowing.
Even with significant equity in their homes, moving to a slightly larger house in the same neighborhood is likely to at least double their current monthly mortgage payments, real estate experts say.
Does this describe you? How much would your mortgage payment increase if you moved? How much would interest rates have to drop for you to jump back in the market?
We want to hear your story. Hit reply and tell us how the market has changed your homebuying plans.
We may include your responses in an upcoming Axios Phoenix story.
