Author Archives: Arizona Elite Investments

Arizona had five of the 15 fastest-growing cities in the U.S. last year while Phoenix continued to add residents, bucking the trend of major cities that lost population during the pandemic, according to the Census Bureau. Read the full article here.

New data indicates that rental competition remained relentless in April, as the U.S. median rental price hit a new high ($1,827) for the 14th month in a row, according to the Realtor.com Monthly Rental Report released today. These trends spotlight the affordability struggles reported by renters in Realtor.com’s Avail Quarterly Landlord and Renter Survey also published today, which found higher […]

Multifamily rents aren’t seeing a slowdown yet, according to the latest Yardi Matrix Multifamily Report. The average U.S. asking rate rose $15 in April—$30 over the past two months and $50 year to date—to an all-time high of $1,659. Year-over-year growth, which moderated by 50 basis points, still remains high at 14.3%. Click Here for […]

The U.S. multifamily sector saw strong momentum at the start of 2022, with robust demographic trends underpinning record leasing activity, rent growth and investment during the first quarter, according to CBRE’s latest report. In the Mountain West region, Phoenix was No. 1 in terms of year-over-year rent increases at 15.6 percent. Investment in the multifamily sector increased by […]

PHOENIX — 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. To read the full article click here