Investors, many from out of state, spent a record amount of money to buy more than 500 Phoenix-area apartment complexes in 2021 and 2022. That buying spree led to rent spikes and more evictions, housing advocates say. About $27.3 billion was invested in 517 Valley apartments during the pandemic years

Maricopa County continues to be a hotspot for population growth, with the U.S. Census Bureau reporting that the county remained the largest-gaining in the nation in 2022, adding 56,831 residents — an increase of 1.3% since 2021. With so many newcomers to the region — combined with elevated home prices,

There’s a significant plot shift occurring in the U.S. rental housing market: Wages are outpacing rents again, and by a widening margin. And all signs suggest more of the same for the near future. Year-over-year U.S. wage growth has topped effective apartment rent growth for nine consecutive months. Through August,

In the second quarter, commercial and multifamily mortgage delinquencies increased compared with the first quarter of this year, according to the Mortgage Bankers Association’s (MBA) latest Commercial/Multifamily Delinquency Report. “In general, multifamily mortgages continue to perform well. Delinquency rates on multifamily loans held by banks were essentially unchanged between the

In August, apartment rent growth stopped throughout the country on an annual basis, according to RealPage. But there were variations by product class and also by geographic market. And on aggregate, it was Class A rent changes that boosted the nationwide performance. As of last month, annual effective rents climbed

Crunching the data across 23 metrics for the 96 most populated U.S. cities, Forbes Advisor has uncovered a list of the best cities suited for renters. Considering rental prices, sizes, affordability, crime, amenities, and neighborhood features, Chandler, Arizona, came in as No. 1, followed by Gilbert. The overall Phoenix metro

In today’s competitive multifamily market, many developers chase the newest, hottest amenity as a strategy to stand out. But while it’s true a novel feature or a flashy design moment can catch the attention of prospects during the leasing process, to truly be successful, multifamily amenities need to do more

There is less buyer/seller disconnect in the marketplace as the frequency of interest rate hikes and the size of those hikes have decreased, according to Marcus & Millichap. Buyers and sellers are beginning to better understand the value of the real estate, John Sebree, Senior Vice President, Multifamily Housing Division,

Wondering how many Californians have moved to Arizona in the last few years? Or what states send the most new residents and migrants to Arizona? Roughly 64,000 Californians moved to Arizona annually during 2017-2021. Population growth plays a crucial role in bolstering Arizona’s economic well-being. A growing population fosters increased

Depending on who you talk to (or where you get your information), multifamily is either a strong sector that’s going gangbusters or a sector that maturing loans could negatively impact. The Q2 2023 numbers also tell an interesting story of investment volume decline and an uptick in vacancy.  Rent-growth numbers