Phoenix - Land of Opportuniy and Healthy returns - Rents are Up!

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Yep. I've said it before and I'll say it again, the land flowing with milk and honey. Ok, it's citrus and saguaro but you get the picture ************ "Once affordable, Phoenix rents among fastest rising in US"

With Arizona law largely favoring landlords. Rent control, like the 7% cap in annual increases that Oregon lawmakers approved this year, seems unlikely in a state largely controlled by Republicans.

Yardi Matrix ranked metro Phoenix No. 4 nationally, with a 6.1% increase in apartment rents over a year. REIS by Moody’s Analytics put it at No. 2, saying monthly average rents in the Phoenix market surged 7% from the third quarter of 2018 to the third quarter of 2019. Only metro Miami saw a larger jump, at 7.5%, while the nationwide increase was just over 4%.

Home prices also are rising.

September figures from S&P CoreLogic Case-Shiller Indices showed metro Phoenix leading the way — at 5.8% — in the highest year-over-year gains for home prices among 20 markets nationwide