Phoenix Is Better Market For Home Buyers Than Renters

Phoenix Is Better Market For Home Buyers Than Renters

Phoenix better market for home buyers than renters
Maricopa County still is one of the best places to make a home purchase, according to new data from RealtyTrac combining stats from the U.S. Bureau of Labor Statistics and Department of Housing and Urban Development.  Among counties with populations of 100,000 or more, Arizona is a better place to buy than rent. Only Coconino (Flagstaff) and Yavapai (Prescott) counties were rated as better for renters. Rents are rising faster than wages, according to RealtyTrac's compiled data. In Maricopa County, wages as a percent of median price home are still at 32 percent, while rents have risen to nearly 35 percent

Source: Phoenix Business Journal

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Dated: January 9th 2016
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