Build-to-rent communities surge in Phoenix amid high home interest rates

[ad_1]

High mortgage interest rates are pushing prospective homebuyers to consider build-to-rent communities instead.

Build-to-rent (BTR) communities with single-family home rentals fill the space between traditional rental properties and housing developments. Phoenix has long been considered ground zero for the build-to-rent market.

Rising interest rates are making it difficult for individuals to purchase homes. The Maricopa Association of Governments’ June 2023 housing update identified 256,000 households…

[ad_2]

Vanessa Pimentel

Source link