MARKET INTEL

Intel

Here’s How Much Rent Prices Are Rising in Phoenix

The consumer price index for rent prices in the Metro Phoenix area has increased by 10% from August 2022 to August 2023, according to the United States Bureau of Labor Statistics. The consumer price index, or CPI, is the average change over time for prices paid by consumers in an

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Intel

Market Outlook: Rent Vs. Buy Premium Drives Strong Performance in Multifamily Sector

Favorable demand conditions as well as the limited supply of competitive housing types, such as existing single-family homes, continued to benefit public real estate investment trusts (REITs) in the third quarter. Despite largely positive results across the board for public-reporting companies—including strong lease renewal and occupancy rates—several REITs did note

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Intel

What Renters Want: More Pickleball Courts and Fewer Fitness Centers

Renters are willing to pay more for things such as pickleball and rentable workstations and have cooled on fitness center use and fitness class offerings, according to results from the 2024 Renter Preferences Survey Report released last week by NMHC and Grace Hill. It was presented at the National Multifamily

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Intel

Workforce Housing Outperforms But Experts Disagree Why

Home building in metro Phoenix hasn’t come to a grinding halt and isn’t expected to, despite new water restrictions for subdivisions on the area’s edges. And while the Valley’s water woes won’t help the area’s housing shortage, they aren’t going to make it substantially worse either, according to water and

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Intel

Is Multifamily Nearing a Turning Point?

While the multihousing investment market remains very challenging due to increased scrutiny, rising interest rates and uncertain future economic conditions, deals are still getting done, albeit not nearly at the pace experienced in the post-pandemic boom. Investment sales are noticeably down this year compared to 2022 and have been much

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