November 17, 2024 5:51 am
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Phoenix sees 2nd-largest growth in renters over 60 in the nation

KTAR

 

KTAR

Phoenix saw the second-highest growth in renters ages 60 and older among the nation’s 30 largest cities, according to an apartment rental website.

RentCafe analyzed census data from 2007 to 2017 and found that Phoenix more than doubled its number of elderly renters in the decade.

“Right now we see a slight change in terms of renters increasing at a greater rate than millennials in terms of populations within the renting field,” Doug Ressler, director of business intelligence for RentCafe affiliate Yardi Matrix, told KTAR News 92.3 FM on Thursday.

“We also see that migration, too, in terms of some of the Southeast and Southwest markets from Northeast and Midwest.”

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Rose Law Group Reporter, which provides Dealmaker’s content and service, is contracted by Rose Law Group. Rose Law Group is a full service real estate and business Law Firm practicing in the areas of land use/entitlements, real estate transactions, real estate due diligence/project management, special districts, tax law, water law, business litigation, corporate formation, intellectual property, asset protection, data breach/privacy law, ADA compliance, estate planning, family law, cyber-law, online reputation and defamation, lobbying, energy and renewable energy, tax credits/financing, employment law, Native American law, equine law, DUIs, and medical marijuana, among others. The views expressed above are not necessarily those of Rose Law Group pc or its associates and are in no way legal advice. This blog should be used for informational purposes only. It does not create an attorney-client relationship with any reader and should not be construed as legal advice. If you need legal advice, please contact an attorney in your community who can assess the specifics of your situation.