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Housing frenzy spreads to rentals in metro Phoenix

AZCentral Real Estate - Fri, 09/14/2012 - 10:21
 
Renters looking for houses in metro Phoenix areexperiencing much of the same frenzy as buyers.
As reported in http://www.azcentral.com/arizonarepublic/news/articles/2012/09/04/20120904phoenix-area-rental-homes-red-hot-commodity.htm, new data from the Arizona Regional Multiple Listing Service and real-estate analyst Mike Orr show  the supply of houses for rent in the region is nearly as tight as the supply of homes for sale, and the number of leases signed in  the past few months is at record levels.
High demand for rentals is another indicator of metro Phoenix’s housing-market recovery.
Rob and Sandra O’Dell discovered how competitive metro Phoenix’s rental market has become when they began looking for ...

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