April 2022

Phoenix metro

Phoenix #1 in rent growth, #2 in home value increase

A strong and widespread recovery of rents has pushed prices beyond where they would have been had the coronavirus pandemic never occurred, according to Zillow’s latest market report. The report shows Phoenix leads the nation in annual rent growth at 23.1%, and is No. 2 in home value growth with 29.8%, behind only Austin, Texas. Although U.S. home appreciation again broke records in July, there are...

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