Metro Phoenix’s Booming Build-to-Rent Market Adding 10K Units

By Angela Gonzales | Phoenix Business Journal The burgeoning build-to-rent sector has about 9,500 units under construction in metro Phoenix, adding to existing inventory of about 8,700 units, according to a report released by Northmarq. “We’ll be seeing the local inventory of single-family build-to-rent units doubling in the next 18 to 24 months,” Peter O’Neil, research director …

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Rising Rents, Lower Credit Scores in Phoenix — What’s Next?

By Angela Gonzales | Phoenix Business Journal While year-over-year apartment rents continue to rise in metro Phoenix, the credit scores of renters are dropping. Renters in Phoenix have an average credit score of 613 in 2020, down from 619 in 2019 and 617 in 2018, according to a new study from RentCafé. Looking at the …

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Phoenix Home Price Growth is More Than Double the U.S.

By Angela Gonzales | Phoenix Business Journal Once again, Phoenix is No. 1 in the nation in home price growth, with year-over-year price increases of 9% in June, according to the latest S&P CoreLogic Case-Shiller U.S. National Home Price NSA Index. Phoenix price growth far outdistances the next two major metros: Seattle, with 6.5% year-over-year …

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