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Keyword: rent

Scottsdale developer building stand alone homes for …

8/15/2024
Ed Gorman says he has a fresh solution to Scottsdale’s home shortage. The president of Modus Companies, a Scottsdale-based real estate development company, has plans to build a 94-unit, …

Scottsdale not the costliest town in Valley for …

7/3/2024
Like it or not, Scottsdale is not the the best town to be living in if you’re on a budget. For instance, finding affordable housing has been a stumper for a while now, and the problem …

Lawmakers should work with cities to solve housing …

6/18/2024
Rent growth for apartment housing is weak but high interest rates are pushing some groups to rent for longer durations, according to a new report from a real estate research firm. The report …

Scottsdale-based company poised to build 1,030 …

5/9/2024
High interest rates and a housing shortage has driven more people to renting and Ed Gorman, Founder of Scottsdale-based Modus Companies, a developer of zero energy home communities has predicted a …

Eviction filings soar in Phoenix metro as rent dips

4/13/2024
Maricopa County eviction filings jumped by 21% in 2023 — the fastest pace on record, according to Maricopa County Justice Courts. It’s a trend that began as the economy emerged from …

Apartments coming with perks as supply improves

3/25/2024
Some Valley renters in multifamily units have moved up in their quality of living thanks to recent perks from developers and a flood of new units expected during the next 18 months. About 30,000 …

CBRE secures $35.25M loan for construction of …

2/8/2024
Commercial real estate firm CBRE has secured a $35.25 million construction loan for Bella Olivia, a 112-unit build-to-rent community in Peoria.

Renters may catch break with more units on horizon

2/2/2024
Relief for renters may be on the horizon as 30,000 multifamily units are expected to be completed during the next six quarters in metro Phoenix, said Tom Brophy, a housing analyst at Colliers. …

Governor’s announced special housing funding covers …

2/2/2024
Arizona Gov. Katie Hobbs recently announced $89 million for “new affordable housing and homeless response.” One Chandler housing project, the 157-unit Villas on McQueen, is getting …

Despite a flat price housing market, buying outweighs …

11/29/2023
Those people who have recently bought into the Valley’s housing market may have a wait before they start to build up equity in their purchase as the region’s uptick has mostly flatlined, …

Metro Phoenix experiences lull in rental rates

10/3/2023
Rental projects have spouted across the Valley this decade and are, for the moment, causing the price of rental properties in Maricopa County to drop. Maricopa Association of Governments indicates an overall median rent of $1,550 a month in Maricopa County.

Inflation eases with Valley apartment rents

7/18/2023
Apartment rents are shrinking slightly in the Phoenix market after prices swelled during 2022, according to Thomas Brophy, a housing analyst with Colliers in Phoenix. Average rents for …