As Metro Phoenix Home Prices Rise, So Does The Number Of People Forced To Rent arizonadailyindependent.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from arizonadailyindependent.com Daily Mail and Mail on Sunday newspapers.
Rents in Maricopa County had been steadily climbing even before the start of the pandemic in March 2020. With home prices now soaring to record levels, more people are being forced to rent houses, condos and apartments, which adds more upward pressure on rents.
Rising home prices in the Phoenix area are driving more people to rent rather than buy, and renters are worried that they won’t be able to keep pace with increasing rents.