Rental Market Trends

Some mayors in northern Arizona attribute a host of problems affecting their cities to a 2016 law preventing them from regulating short-term rentals.They are asking state legislators to return local control to cities so they can create rules that suit their individual needs. The law, signed by Gov. Doug Ducey, stripped Arizona municipalities of the…

Reading Time: < 1 minuteUS: Mayors from northern Arizona are advocating for increased local authority to regulate short-term rentals in their communities.  They argue that current state laws limit their ability to address issues such as housing shortages and neighbourhood disruptions associated with the proliferation of short-term rentals. In 2016, Arizona passed legislation that restricted...

PHOENIX — Arizonans for Responsible Tourism gathered with short-term rental hosts at the Arizona Capitol Thursday to praise the impact on the economy. Co-founder of Arizonans Responsible for Tourism John Hildebrand said vacation rentals bring in about $500 million in tax revenue annually for state and local governments and support more than 75,000 jobs, ….

The repeal of the regressive rental tax went into effect in dozens of local municipalities across the state on January 1, 2025. Affordable housing remains top-of-mind for many Arizonans and this harmful tax would further decrease housing affordability, especially for lower income families and individuals. The Arizona REALTORS® was adamantly against this tax and fought…

The average monthly rent in Flagstaff has increased by more than 50% since 2013. But a new report shows the trend slowed last year. A report by Northern Arizona Housing Solutions shows the cost of renting a two-bedroom apartment in Flagstaff rose by less than a percent last year.Devonna McLaughlin leads that organization. She says…

Despite a precipitous drop from last year’s ranking, Phoenix is still among the top 10 real estate markets in the U.S. as it experiences challenges in housing affordability and infrastructure constraints, according to the Urban Land Institute’s latest Emerging Trends in Real Estate report.This has led to a slowdown of recent in-migration in the region,…