Comments on: Phoenix rental market softens

By: Phoenix rental market roars back to life | Phoenix Area Real Estate Blog

Phoenix rental market roars back to life | Phoenix Area Real Estate Blog — Thu, 05 Mar 2009 00:56:59 +0000

[...] early January, I touched on the state of the Phoenix rental market, noting that the market had softened substantially beginning in November of 2008. During the [...]

By: Steve Belt

Steve Belt — Thu, 08 Jan 2009 21:12:23 +0000

Hi Danna-

Taylor Morrison is a good home builder, that I’ve worked with in the past. I’d be happy to help you buy a Taylor Morrison home. As well, we can examine the entire housing market, looking for just the right home, whether that’s Taylor Morrison, Shea, Toll, or even a resale home.

By: Artur | Central Phoenix Real Estate

Artur | Central Phoenix Real Estate — Thu, 08 Jan 2009 16:09:08 +0000

Vacancy rates are at their highest in decades. I have close 70 units and in the last 2 months 4 people purchased a home and several lost their job. Even people who thought they had a recession immune job got laid off.

Damon, they are not going to apartment because apartment vacancies are at a record high of 13% in 4th quarter of 2008 and getting worse.

By: Danna Darington

Danna Darington — Thu, 08 Jan 2009 10:29:18 +0000

I am an renter and to be honest, I’m ready to move into a home that I own. My cousin bought her home through a company called Taylor Morrison and I’ve been researching them. They seem like a good place to buy a house from, and when I was on their website (http://dreambig.taylormorrison.com/?utm_source=bc) signing up to receive information I was entered into a contest to win a dream vacation. Has anyone else worked with this company?

By: Steve Belt

Steve Belt — Thu, 08 Jan 2009 08:24:40 +0000

@Damon, the folks that have given me a “story” primarily are telling me they are moving in with someone else…often a family member/parent. We are seeing quite a few families that are combining households, that in the past were split, which is reducing the demand for the number of housing units needed.

By: Damon Pace

Damon Pace — Thu, 08 Jan 2009 00:51:08 +0000

It sounds counter intuitive that people would stop renting homes. Especially since so many are moving out of their current homes because of foreclosures. My guess is that people are moving away from PHX because of the Job market, are buying homes instead of renting (LOL), staying away from expensive Scottsdale or they are going to apartments instead of homes.