Realtor: Millennials changing face of Phoenix-area housing market

Couple talking to a Realtor about a condo. (© Eye Candy Images/photolibrary.com)
Couple talking to a Realtor about a condo. (© Eye Candy Images/photolibrary.com)

By Jim Cross | KTAR

A Valley Realtor said millennials are good and bad for the local housing market.

Home prices kept climbing last year and a Wall Street Journal report based on Deutsche Bank statistics said renting a home in the Valley has become cheaper than buying a home.

Austin, Texas and Sacramento, Calif., join Phoenix in that category. Realtor Diane Brennan, host of “That Real Estate Show” on 92.3 KTAR, disagrees with the notion metro Phoenix is a renter’s market.

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