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Phoenix Multifamily Market: Surging Demand
1️⃣ Rent Growth: 2.0%(core) → 2.5%(value-add) Slight rent recovery as job growth and migration stabilize after recent cooling. 2️⃣ IRR Target: 8.50–9.50% → 10.00–11.50% Sharply higher returns show strong value-add upside as pricing resets. 3️⃣ Going-in Cap Rate:...
What Signals Phoenix As A Hot Seller’s Market in 2026?
Phoenix homes spend 66–71 days on market, median price $408,000, inventory 3.2 months. Strong buyer migration out of colder states keeps Phoenix in demand. Although inventory is rising, sellers can still count on solid pricing by 2026. Phoenix remains a Sunbelt...
Phoenix Open House Secrets Revealed by Lisa Miller
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Is Year-Round Building Boosting Arizona Growth?
Arizona ranks sixth nationally for total new housing permits. Population growth and migration from other states drive construction demand. Sun Belt climate allows year-round building, increasing housing availability. Job growth and urban expansion encourage...
One possibility for expanding housing in Phoenix? Converting offices to micro apartments
A report suggests converting Phoenix's 23% vacant downtown office space into co-living apartments with small private rooms and shared amenities. Rent would be about $850 monthly, including utilities and services but no on-site parking, encouraging transit use....
Why Past Population Surges Now Slow Phoenix Housing
Slide 1: Buyers flooded in, sending home prices and new construction soaring during the pandemic boom. Slide 2: Phoenix thrived as a work-from-home haven with huge population inflows from other states. Slide 3: Momentum faded as homebuying power dropped, and domestic...