Are you having trouble finding a rental property in Phoenix right now? Well, you are not alone. Our rental inventory is a fraction of what it was a few years ago. Just to out things in perspective, in 2008,there were roughly 10,000 properties listed for rent in Metro Phoenix. Right now, there are less than 2200 homes or rent, listed on the MLS. And I mean in all of Metro Phoenix, meaning Phoenix and its suburbs. That figure does not include vacation homes, but good luck there where rents are significantly higher than market rents, due to the furnished and short term nature of these leases. And keep in mind that there were a lot less people … [Read more...]
No RENTS for the Weary
March 20, 2016 By Kristin LaVanway
Filed Under: For Home Buyers, Local Information, Phoenix Real Estate FAQs, Real Estate Reality Tagged With: affordable, affordable homes, AZ, buyer, buying a home, Buying a house, can i afford a house, chandler, Down Payment Assistance, Downtown Mesa, FHA, first time home buyer, gilbert, Gilbert real estate, Here in Phoenix, Home Buying Tips, homes for sale in Phoenix, Kristin La Vanway, kristin lavanway, Mesa, Phoenix, phoenix home prices, Phoenix Real Estate, phoenix real estate market, queen creek, real estate, real estate trends, rent, rent a home, rent vs buy, rent vs own, rental house, rental properties, rentig vs buying, renting, Rl8rgal, Tempe
Rent or Buy Your Home…Which is Better?
December 14, 2015 By Kristin LaVanway

Rent or buy? Gosh, isn't that the $64 Million Dollar question? And as many things go in real estate, the answer depends on your circumstances. Let's start with the current state of rentals here in Phoenix. In the ARMLS rental database the overall average lease rate for active listings is $1,820 per month and the average sq. ft. is 1,932. For apartments, the average rent is $1,568 with an average sq. ft. of 1,102 giving us an average rent of $1.42 per sq. ft. A year ago the rate was $1.22 per sq. ft., so the rise in asking price is 16.6% in just 12 months. The number of active apartment rental listings has declined 10% from 643 to … [Read more...]
Filed Under: For Home Buyers, Real Estate Reality, Top Ramen Chronicles Tagged With: "Maricopa County", Arizona, buy a home, buying a home, can i afford a house, chandler, Down Payment Assistance, FHA, financing, first time buyer, gilbert, Here in Phoenix, homes in chandler, homes in gilbert, homes in mesa, homes in tempe, Mesa, rent vs own, Rl8rgal, Tempe