The Phoenix metro area has seen thousands of new apartments being developed during the past few years, and with them has come rising rents. RentCafe.com found that Phoenix rents rose 7.1 percent last year, compared with a 4 percent increase throughout the U.S. Rents were climbing in other Valley cities, with Surprise posting the biggest jump of 12.6 percent.
BING NEWS:
- Rents hold the key in core inflation cooling and the Fed's rates moves
Rent prices hold the key in whether US core inflation will trend lower over this year and longer, and in turn, whether the Federal Reserve will be moved to enact rate cuts, according to BNP Paribas.
04/19/2024 - 10:21 am | View Link - Rents Are Still Rising and Pumping Up Inflation
Rent growth has slowed from double-digit recent highs after pent-up demand caused by early pandemic lockdowns and record home prices sent rents soaring. Economists expect that decline will continue as ...
04/12/2024 - 10:30 pm | View Link - Apartment Rents Rise for Third Consecutive Month
The national median asking rent rose for the third consecutive month in March to 0.8%. It’s a pattern driven by a number of factors, including the rising costs of buying a home, a new Redfin report ...
04/11/2024 - 10:54 pm | View Link - New apartment complex first big development in up-and-coming Mississippi Coast location
The supervisors’ intention was to continue the retail development at The Promenade and on Sangani Boulevard in D’Iberville into Jackson County. Cloyd said it also makes a lot of sense for housing, ...
04/11/2024 - 8:14 am | View Link - More
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