Booming rental income in Phoenix expected to slow

rentalsBy Sloane Kingston | KTAR

What goes up, must eventually level off, so say those keeping a close watch on the rental market in Phoenix and other parts of the country.

It’s a good time to be an investor in rental property with surging costs and low vacancy rates. But with the supply of apartments rising, and renters looking to buy as the economy improves, investors shouldn’t expect those soaring rental incomes to continue for much longer.

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