by kramoltz@hotmail.com | Feb 23, 2022 | Renters and Renting
Home sale prices in the Valley of the Sun are at an all-time high. As of late last year, metro Phoenix has led the nation in annual growth for 30 straight months. And the rental market isn’t far behind. Four Phoenix metro cities are in the top 10 nationally for rent...
by kramoltz@hotmail.com | May 18, 2021 | Home Buying, Renters and Renting
1. Low Mortgage Rates. Loan payments are affordable due to low interest rates, pushing housing accessibility higher, which has helped to offset our rise in prices. 2. Rent is High. It’s often cheaper to buy than lease as rents have been on the rise and are predicted...
by kramoltz@hotmail.com | Feb 8, 2021 | Home Buying, Renters and Renting
Back in 2011, 2013 , 2015 and most recently in October of 2018, I wrote how buying a home was cheaper than renting. ATTOM Data Solutions’ 2021 Rental Affordability Report shows that trend is continuing. Owning a median-priced 3 bedroom home is more affordable than...
by kramoltz@hotmail.com | Jul 7, 2020 | Home Buying, Renters and Renting
The COVID pandemic may change the rush of Millennials to luxury apartments. Although it will likely not significantly alter the home preference behavior of this age group, it may accelerate the demographic trend towards the single family home sector that was emerging...
by kramoltz@hotmail.com | Mar 26, 2020 | Home Buying, Renters and Renting
Metro Phoenix area apartment rent increases lead the nation, rising 7.4% over the past year. Almost every Valley of the Sun city beat the national 3% increase, with the city of Surprise leading the way with a remarkable 16% rent hike. Luxury complexes are still being...
by kramoltz@hotmail.com | Dec 3, 2019 | Home Ownership, Renters and Renting
State law allows owners to rent out their homes short term, subject to certain administrative rules. So they can’t be banned by cities, and counties. But in response to “party house” type problems, state law allows cities to prohibit short-term rentals from hosting...
