By Catherine Reagor | The Republic
More millennials and boomerang buyers bouncing back after foreclosure are purchasing metro Phoenix homes than ever. But it’s not just because they want a place of their own.
Rents for homes, condominiums and apartments climbed sharply in many Valley neighborhoods during the past few years and are still on the rise.
Billy Day and Jessica Simms bought their first home earlier this year after their rent jumped in central Scottsdale. The couple was able to find a renovated home in their price range in the popular area so they could stay close to their jobs, favorite restaurants and places to hang out.
