Exchange: Large rent increases squeeze metro Phoenix tenants
According to the Federal Reserve, Metro Phoenix median household income climbed 22% during 2016 and 2021, but the area's rents climbed almost 80% between that time, per real estate brokerage Colliers.
According to the Federal Reserve, Metro Phoenix median household income climbed 22% during 2016 and 2021, but the area's rents climbed almost 80% between that time, per real estate brokerage Colliers.
In this story published March 19, 2022, in The Darien Times:
Valley rents are among the fastest growing in the nation, and wages aren’t growing that fast. We have a problem.
– Mark Stapp, executive director of the Master of Real Estate Development program and Fred E. Taylor Professor in Real Estate
Latest news
- Gifts that give back
This holiday season, give gifts that stand out — and support the Sun Devil community — from…
- Who is the new Brazilian owner of Hickman's Family Farms?
The sale of Arizona's largest egg producer could lead to 15% higher prices due to fewer choices…
- Understanding the Fed’s rate cuts: ASU professor provides insights
Will lower rates impact economic growth? A W. P. Carey finance expert weighs in.