Metro Phoenix renters are finally getting a break.Valley rents have stopped their heady increases and are down in most areas.Also, Arizona legislation has been introduced to give tenants more help.It’s needed after metro Phoenix led the nation with a 30% rent hike in 2021 as the area drew droves of new residents during the pandemic….
MARY LOUISE KELLY, HOST:Here’s some good news for renters – the cost of keeping a roof overhead is no longer going through the roof. After a rapid jump in recent years, rents have begun to level off around the country. In some areas, rents are even falling. NPR’s Scott Horsley reports.SCOTT HORSLEY, BYLINE: Elsa Marie…
An aerial view of Avilla Gateway by NexMetro. The Avilla communities feature cottage-style housing … [+] units that include private outdoor space and detached-home lifestyle.Photo courtesy of NexMetro. The blazing-hot pace of construction in the build-to-rent (”BTR”) segment of housing is slowing down sharply. But it is not for a lack of demand from consumers….
Like every year, people put away their copy of “A Christmas Carol” by Charles Dickens, along with their Christmas decorations. But is it meant to be remembered and lived for the whole year.In the last three years, rent has gone up by hundreds of dollars, making it hard for many Arizona families.To people coming from…
Phoenix tops the nation in construction for build-to-rent communities, with more than 8,000 units currently under construction, according to a report released by Northmarq on Jan. 17.Dallas-Fort Worth is close behind Phoenix at No. 2, but no other U.S. city comes close to the torrid level of BTR construction in those two metros, the report…
As business leaders prepare for the start of a new year, the nation’s economic landscape is a Picassoesque composition of nuanced optimism and prudent caution. From stock market instability to Federal Reserve interest rate speculation, most of 2023 was marked by economic uncertainty, and predictions on where the chips will fall by this time next…
Rental prices in Flagstaff have increased more than 12% since early 2022. A new report highlights the challenges facing those seeking housing in the city’s notoriously expensive market.According to a survey of Flagstaff apartment complexes by the nonprofit Housing Solutions of Northern Arizona, a two-bedroom unit costs $1,971 a month on average. In order to…
Belong examined Census Bureau data to see where renters in Arizona are putting the largest share of their income toward rent. Metros are ranked by the … as many as 70% of apartments being built to … [wpts_spin]{Read|See} the {entire|full} article {on|about} rental market trends in Arizona, or, read more news about {Arizona real estate…
The median U.S. asking rent in October was $1,978, a little change (-0.3%) from a year earlier but down 3.7% from the $2,054 record high set in August 2022—according to a new report from Redfin. New data found that October marked the seventh straight month in which the median asking rent was little changed from…
As home prices remain high nationwide, renting has become the new buying trend for many Americans. As October marks the transition from the peak rental season, RentCafe’s October Rental Activity Report revealed which cities are seeing the most listing activity and attracting the most attention from apartment hunters. The study found that the historic New…