Phoenix has long been known for it’s ability to buy and sell properties. Now it’s rental properties are dominating in the region, something that wasn’t expected.
Rental homes are in much higher demand across the Valley than they were five years ago. Rents are rising, and apartment complex rental properties are drawing investors from all over according to https://azezrentals.blogspot.com/.
The housing crash is fueling the need for more and more apartments as former homeowners seek to rent after losing their homes.
“The shift from homeownership to rentals in the Valley will continue as homeownership shrinks more,” said Michael Trailor, director of the Arizona Housing Department.
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