By Roland Murphy | AZBEX
Even though the pace of rent growth is cooling and some markets are expressing concern about overbuilding, the combination of rising interest rates and a rare degree of balance between deliveries and absorption is keeping the metro Phoenix multifamily market robust.
A recent article on GlobeSt.com reported single-family occupancy is at its highest rate in two decades.
With accommodations similar to – and often indistinguishable from – a traditional owner-occupied home, SFR and BTR attractiveness remains high and may even increase as rising mortgage rates and price inflation keep many potential home buyers out of the purchasing market for the foreseeable future.
