November 5, 2024 2:20 pm
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Belfiore explains why rental home communities are on the rise around Phoenix

ColonyStarwood home in Orlando, Fla.

By Saundra Wilson | Phoenix Business Journal

With the rise in properties in the single-family home rental market, house hunters can enjoy the privacy, space and perks of suburban living without the mortgage.

Jim Belfiore, president of Arizona residential market research firm Belfiore Real Estate Consulting, says there’s a market movement away from apartment renting in light of new rental communities.

Scottsdale-based Colony Starwood Homes announced an acquisition of more than 3,100 single-family rental homes this week, 157 of which are in the Phoenix area.

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