I just posted an article on our Real Estate Investing 101 site regarding the Greater Phoenix real estate rental market. The news is pretty good for those who own a rental home. Based on ARMLS data, the number of available rentals has gone down considerably in the past couple months.
If you are a supply and demand person like me, this news suggests rent rates should begin to stabilize. Landlords will still be faced with finding credit worthy tenants, yet the shift in supply is good news for them.
To read the article and see the data we've collected, simply go to our real estate investing site: www.greatinvestmenthomesaz.com.
Hope you have a great weekend,
Gene Urban
The Urban Team at Realty Executives
602-234-5777
