As metro Phoenix home prices rise, so does the number of people forced to rent
As metro Phoenix home prices rise, so does the number of people forced to rent
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. “There’s a certain segment of the population that’s getting priced out of homeownership, so renting is their only option,” said Scott Wilken, senior planning project manager at the Maricopa Association of Governments, or MAG. “There…
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