Blog

Rentals Needed in Arizona – Get Real Estate with Liz & Marie

by | Sep 15, 2021 | Phoenix Weekly Market Updates

Here is your Phoenix metro area Real Estate Weekly Market Update! The following data was pulled from the Arizona MLS (ARMLS) on the date listed below:
Key points from this data:

  • The number of active listings across the county has slightly increased again
  • Average list price has remained the same as last week
  • City of Mesa is up 28 new listings which is the highest of the cities we service
  • There is still a strong rental market, rental demand continues to increase in Phoenix

BIG NEWS in Real Estate:

1. Rentals Needed in Arizona but are we meeting this demand?, for the full article click here:

  1. Rents rose 17.7% year over year as of May 2021
  2. Renters will now be spending more than 30% of their income on rent
  3. Phoenix will drop on the most affordable metro list from 29th to 38th
  4. Cities zoning boards are not allowing for rezoning to multifamily properties
  5. Restricting the supply of available rental units continues to cause the rents to go up

2. US Foreclosure Activity is on the Rise Following the End of the Foreclosure Moratorium for the full article click here:

  1. Foreclosures are still at an all time low since they have been slowed but the pandemic.
  2. However they are up 27% from last month and up 60% from a year ago.
  3. Illinois, Nevada, New Jersey, Delaware and Ohio had the highest foreclosure rates
  4. Foreclosure starts increase 27 percent from last month
  5. California, Texas, Florida, Illinois and New York had the most Foreclosure starts in August 2021

If you are looking to sell your Phoenix property give us a call at 480-788-8513 or watch this free four minute video and we can give you multiple options on how to get rid of your property and save on capital gains tax!

This week’s LOCAL NEWS

‘Sprinkle Squad’ delivers thousands of birthday cakes to Arizona foster children. For the full story click here

  • Volunteer bakers whip up creative and custom birthday cakes for thousands of kids in the last few years
  • For Goodness Cakes Arizona Chapter was formed in 2019 by Leslie Nilsen!
  • Click here for the website and to become a volunteer

About Liz & Marie

Liz & Marie are the area’s leading real estate solutions company. We successfully work with homeowners, buyers, sellers, real estate agents, and real estate investors, buying and selling all types of residential real estate. We are confident that we can find the right property or solution for you, whether you have a house to sell, are looking to buy your next investment property, or are looking for your family’s “forever home.” We can share our knowledge so that you can make the best decisions for your situation and we are dedicated to making everyone’s experience a smooth and successful process.

Liz & Marie specialize in buying and selling your home at the price, and on the timeline, that works for all of us. Our extensive knowledge of real estate investing and a large network of real estate investors nationwide allows us to offer more buying choices and a wide variety of selling options for all types of home buyers and sellers, including financially distressed homeowners. Our mission is to work hand in hand with all parties and to handle every situation with the utmost professionalism and care.

We are thrilled to be a part of this next chapter in your life. Our commitment to excellence starts with treating you and your transaction with the utmost care and professionalism. We know that buying and selling a home is one of the biggest decisions you’ll ever make and we are humbled that so many homeowners choose us to join them on their journey. Let us lead the way and earn your business today.

We may be Crazy Liz and Wacky Marie but together we can do anything. Our combined experience in real estate has given us tons of lessons and has provided us the opportunity to help many homeowners! We are always striving to learn more and help others!
Let us know how we can help you today!

Related Posts

You Will Love Too