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Ep. 26: PHX 1st in US for new residents in 2020/Multifamily market is hot

With the increase of new residents moving to Phoenix, and real estate being scarce; Jamison and Rocky provide insight into what sets the Phoenix metro and multifamily market apart from other cities.

▪ "The rankings back up what Valley residents are seeing on the ground: there is no ceiling in sight for the housing market, and housing prices have been rising steadily for months." (Phoenix Business Journal)[…]2lJanRyWkIrN2llZTgxUyt3TTd4WFZEN2t2ZTBTdW5zVjlhTW13M0E9PSJ9

▪ "Over the past decade, the price-per-unit (PPU) for multifamily properties surged 156%, reaching nearly $160,000. This increase surpassed both median home sale prices and rental rates."

▪ "Phoenix is the sixth hottest U.S. market for multifamily sales over the last decade. Since 2009, Phoenix has registered more than $42 billion in multifamily sales."

▪ "In terms of transactions, 1,711 deals were completed across the metro since 2009, totaling 385,717 units." (AZBigMedia)