Rising rents spur metro Phoenix homebuying, but those prices are up, too

By Catherine Reagor | The Republic

It’s no wonder that so many renters are buying homes in metro Phoenix.

The cost of renting a Valley house or condo is up $150 a month from early 2016.

And despite the thousands of units under construction in the Phoenix area, the average rent for apartments is up almost $50 a month from last year.

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